In this I took z = x + iy
Then solving the given equation , I got
$15x^2-40x+25=4x^2y^2-y^2$
Now how to proceed
Your equation is incorrect. If $z=x+iy$, the equation should be : $$ x^2 + y^2 +4x-5=0 $$ This represents a circle with centre $(-2,0)$ and radius $3$. Adding $3+2i$, we get a circle with centre $1+2i$ and radius $3$.
Hint: write it as:
$$ z \bar z + 2 z + 2 \bar z + 4 - 4 - 5 =0 \;\;\iff\;\; (z+2)(\bar z + 2) = 9 \;\;\iff\;\; \mid z+2\mid^2 = 9 $$
$$ \mid z+2\mid = 3 \;\;\iff\;\; \mid z+3+2i - 3 - 2i+2\mid = 3 \;\;\iff\;\; \mid (z+3+2i) - (1+ 2i)\mid = 3 $$