Debt settlement can be tricky. In order to give a complete answer, the first question is what type of debt is this? The only way to know for sure about what your obligations are is to fully understand the type of debt involved and the terms of your agreement. Also, are you certain you are getting the best settlement with them that you can? Do you understand the terms of the settlement they are proposing? Having an attorney look at this question more closely is probobly a good idea.