How likely is it for American Honda to file a judgment for a voluntary repossession if all your other bills loans and whatnot are in good standings?

Virtually 100%. When/how long? That's the question. Usually within 2-3 months, but not always. The state in which you reside has laws (statute of limitation) dictating how long the term can be, and whether or not you make efforts toward repayment.

I live in NC an my debt is in the amount of 12000 and MRS Associates is trying to settle for 6900. Should i settle? Not sure what to do.