I have 15k in credit card and 10k revolving line of credit w

I just graduated from law school and unable to find employment. I literally have 600 cash in my name and about 180k in student loan debt. I will have to borrow money from my parents to pay off the settlement. What are the chances that a lawsuit will be filed against me and how should I go about the negotiation? I really would appreciate specific advice about how wells fargo will approach my situation. I have had these lines of credit for more than five years and was never past due on any payments. I had no intention of running up the debt but fell on hard times and had no choice.