Debt settlement may be right for you if you’re someone who really does not want to file a bankruptcy but wants to get out of debt fairly quickly. You’ll need to be able to come up with some money to use in negotiating with your creditors – and when I say “some money,” I mean approximately 50 cents for every dollar that you owe – within about 18 months or less. If this sounds like you, debt settlement may be a good way for you to go.