Your creditors don't have any obligation to agree to negotiate a settlement of the quantity you owe. So there's a chance that your debt settlement company will not be able to settle some of your money owed — even if you set aside the month-to-month amounts required by this system. Also, debt settlement firms typically try to negotiate smaller debts first, leaving interest and charges on massive debts to proceed to mount. Chapter thirteen is a three or 5-year court-approved compensation plan…