This proposal could be to hand over all of your assets to the Trustee and also to hand over loan moneys provided to you by a friend. Additionally, you could offer to pay off the balance of the debts due, in time, out of your future earnings. The Trustee would then pay the creditors off. Each creditor would get a proportion of the debt due to him. If the creditors agree, an agreement is drawn up and it is filed with the Court and advertised.
Bankruptcy is avoided.
None of your former creditors can now take any further action against you.