Chapter 13 vs Debt Settlement – The Clear Winner
Confused about Chapter 13 bankruptcy and debt settlement? You’re not alone. Chapter 13 promises relief but delivers a grueling 3–5-year repayment plan, high costs, and a wrecked credit score. Debt settlement, on the other hand, cuts your debt, speeds up the process, and keeps you out of court. At Debt Fellow, we’ve seen countless clients ditch Chapter 13 for a smarter solution. Let’s break it down so you can decide.
Key Differences
Time
Chapter 13 drags on for years; debt settlement wraps up in months.
Cost
Chapter 13 forces full repayment plus fees; we negotiate big reductions.
Control
Chapter 13 ties you to a trustee; debt settlement puts you in charge.
Real-Life Example
Meet Jane: $50,000 in debt. Chapter 13 meant $55,000 repaid over 5 years. With us, she settled for $22,000 in 18 months. Same debt, better outcome.