The only difference is that debt settlement is a personal matter and much under the control of the debtor while in bankruptcy under Chapter 13 is a formal and is guaranteed to be on public. Chapter 13 is entirely a question of law and under the control of courts and legal jurisdiction.These figures show that the settlement of the debt is a smart option, rather than use Chapter 13. The choice of Debt Negotiation has its advantages, and the same benefits can be used by the debtor. This raises the ...