Could I start re building my credit?

I owe my credit card 5k which I don't think I'll ever be able to pay back since I now have a baby to take care of and other expenses. I'm in collections with several places which I've been there for a long time. I got a letter in the mail from my credit card company that I owe 5k to telling me... show more I owe my credit card 5k which I don't think I'll ever be able to pay back since I now have a baby to take care of and other expenses. I'm in collections with several places which I've been there for a long time. I got a letter in the mail from my credit card company that I owe 5k to telling me they're going to sue me but that was months ago so I don't think they're actually going to.. could I start re building my credit?? Its been a long time that I've been in collections and I don't think I'm in collections with anything new
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