A bankruptcy will discharge the debt and so that should free your license.
However, before you do that, I suggest you speak with whoever is holding the judgment and see whether the would agree to enter into a sort of a payment plan with you. In this way, you may be able to free up your license.
Disclaimer: I am a lawyer licensed in the State of Illinois only, and I am not your lawyer (unless you have been in my office and signed a contract). This communication is not intended as legal advice, and no attorney client relationship results. Please consult your own attorney for legal advice. This is for informational purposes only.
A bankruptcy should work, also some DMV may allow restricted license. Some states, Like California where I practice allow a stipulate for payment and unsuspend the license.
Call a local attorney immediately.
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