Large Credit Balance In Need Of Smart Pay Off!
My bills have been delinquent for about 5 years now I am 23. I know it was being young and foolish but it happens. I am now in the position of paying off my bills its like 6 thousand worth so is there a smart way of paying off my bills so I can start investing? What should I do? Should I just pay them off with no questions asked? 
It depends on the statutes of limitations of your state. While everyone should pay their debts, the policy of this country (enshrined in the bankruptcy laws) is that everyone is also entitled to a fresh start. You were bankrupt some time ago, regardless of whether or not you took advantage of those laws.
At this juncture, there are several directions you could take, but at first blush, it seems only two more years must pass before those negative entries on your credit report vanish on their own (or at your request--provided the creditors have not generated any activity on the charged-off accounts). There are a couple of websites out there that could help. One is called credit info center, and the other more extreme one is credit court. You'll have to work out the URLs for yourself since I can't post them.