bad debt collection
my wife has run up a large credit card bill for the second time in 10 ten years and now I am facing legal collection. I have the means to pay with other credit cards or second morgage on my home. I have offered 3500 for a 7900 bill. Then the collection company counter with 5000 after I said I would try to get 5000 together the collection compnay said that they could accept any thing less than 5500 then this morning I was told nothing less than 72% which wold be 5700+. I feel like I am be played and now I don't want to clear this matter up. What can I expect and if they do get a judgement can I not file a one time exemption for up to 10,000? In the collection company efforts they have called my mother and discussed this case and make claims of taking me to court if I don't pay. Is this legal?