Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
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When was the last time that you made payment on the debt?
If you do not have money to pay and don't plan on coming into any money anytime soon AND all your assets are exempt [see link below], then you can do nothing and let them hit your credit and/or sue you for the debt and get a paper judgment against you which they will not be able to collect on since you have no assets.
Or, you can try to work out a payment plan if you do have assets and income at risk.
Here are a list of assets that they cannot attach a judgment to in CA.
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