What is the meaning of Colossians 2:14?

* The two F.O.G. Bibles & Commentary below are currently a work in progress.

having canceled the debt ascribed to us in the decrees that stood against us. He took it away, nailing it to the cross!

Berean Standard Bible (BSB)

wiping out the handwriting in ordinances which was against us; and he has taken it out of the way, nailing it to the cross;

World English Bible (WEB)

Blotting out{G1813}{(G5660)} the handwriting{G5498} of ordinances{G1378} that was against{G2596} us{G2257}, which{G3739} was{G2258}{(G5713)} contrary{G5227} to us{G2254}, and{G2532} took{G142}{(G5758)} it{G846} out of{G1537} the way{G3319}, nailing{G4338}{(G5660)} it{G846} to his cross{G4716};

Strong's King James

(14) He cancelled the debt certificate of decrees against us, which was hostile to us, He took it from the middle (centrestage), nailing it to the cross!

The F.O.G*

[14] He canceled the record of charges against us, which stood as evidence of our guilt. He took this damning record and nailed it to Messiah's cross, completely clearing our debt.

The F.O.G Paraphrase

having blotted out the handwriting in the ordinances that is against us, that was contrary to us, and he hath taken it out of the way, having nailed it to the cross;

Young's Literal Translation