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is debt management similar to filing chp 13?

No. A debt management program is the simplest means of helping someone with too much unsecured debt while filing for bankruptcy is the most drastic measure you can take to become debt free.

Debt management programs are typically offered by credit counseling companies, many of which are non-profit organizations. They provide the following services:

1. budgeting help and financial education
2. consolidation of bills
3. reduced interest rates and late fees

It it meant for people who are struggling but not at all desperate. It helps reduce the accumulation of more debt and keeps a person from getting themselves into a situation where bankruptcy is a real option.

Bankruptcy should be viewed as a last resort and even before a financially desperate person considers it, they should research the debt settlement option first.