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If a judgment was obtained against you ten years ago it is due to expire. Judgment liens do not las forever. However, the judgment may be renewed for another 10 years. So the collection agency is trying to determine whether or not to pursue your assets now OR renew the judgment for another 10 years and pursue you later.
The letter is an attempt to discover if you have any assets against which a garnishment or a lien may be placed. NC has laws that are somewhat favorable to the debtor in that certain property may not be garnished (for example - wages).
There may be some steps that you can take to avoid the judgment - You can contact the collections agency and negotiate a settlement, you can Petition the original Court to reopen the judgment and vacate it - this would be primarily on grounds that you were not served, also Bankruptcy will work to vacate the judgment.
If the amount of the judgment is significant you may wish to at least consult with local counsel about your best options. One thing that can be explored is whether the judgment has in fact expired and is no longer valid. A court records search would be necessary for that.
This link can help you find local counsel:
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