Sometimes a debtor will buy back some assets from the trustee if they can afford it.

It there are long redemption rights I would suggest trying to pay the debtor a fee to just sign the property over to you.

Then you would contact debtor's atty.

If their reaffirming the debt or letting home go.

Just buying assets at .50 cents on the dollar or better... stay deleveraged..Why would you leveage personally... that defeats the purpose of what you are trying to accomplish..Ie... alot of books and people teach when starting out... to pull cash out of their personal residence...That's gambling yoru sole goal is to get personally free of debt or at a very debt to income... 30% or less or so...So, you build a business that uses leverage to create or find equity and duplicates... and then get equity out...Imagine you were back in times... and you found out you could mine for gold...You go out and find gold... and then put it on the shelf hoping one day it would be worth more... well of course it will....but, the moment you found it... is the moment of highest return...

Which might be a bit tricky in an IRA, especially if the debtor declared bankruptcy.I still want to get this money out of the IRA with the least loss possible.

Debt or equity?

Or you’re leaving the debtor with a pile of cash they’ll have to deal with in BK.

So my question is, before I begin the refinancing process, should I pay off my debt or make home improvements so that I get the highest value for my home?

I suspect your way undercapitalized to be buying car debt or any debt for that matter..