How old is the judgment? It might not be enforceable any more. If that is the case, the creditor might be willing to remove the debt from your credit report if you pay them something. Maybe not either. Sometimes it is better to "let sleeping dogs lie". The creditor is likely not aggressively pursuing this account after 12 years. You might consider getting back on your feet financially, and waiting for the second shoe to drop before taking any action. Still, I would schedule an appointment with an attorney in your area that handles debt related matters. Good Luck!
Judgement can last for several more years that a charge off. Texas is typically 10 years and can be renewed. Depending on where you judgment is from, it may be on your credit for years. Best to either pay it or file a bankruptcy.