Chapter 9: Dealing with non-priority debts1. Choosing a strategyAvailability of incomeInsuranceAvailability of capitalRealisable assetsEquity in the homeChange of circumstancesThe amount owedType of debtRepayment periodEnforcement issues2. The general approach to non-priority debtsWhen debts may need to be treated differently3. Strategies for dealing with non-priority debtsDebt management plansRequest a write-offAdvantagesDisadvantagesUseful argumentsChecklist for actionRequest a partial write-offAdvantagesDisadvantagesUseful argumentsChecklist for actionRequest that interest be frozen or reducedAdvantagesDisadvantagesUseful argumentsChecklist for actionOffer a reduced capital sum in full and final settlementAdvantagesDisadvantagesUseful argumentsChecklist for actionOffer payment by a capital sum and instalmentsAdvantagesDisadvantagesUseful argumentsChecklist for actionHolding tactics (moratorium)AdvantagesDisadvantagesUseful argumentsChecklist for actionOffer token paymentsAdvantagesDisadvantagesUseful argumentsChecklist for actionEquitable distribution of available income (pro rata payments)AdvantagesDisadvantagesUseful argumentsChecklist for actionConsolidate the debtsAdvantagesDisadvantagesEquity release loansAdvantagesDisadvantagesChecklist for actionSelling the homeAdvantagesDisadvantagesUseful argumentsChecklist for actionVoluntary charge4. Court-based and formal strategiesGeneral stayAdministration orderBankruptcy and debt relief ordersIndividual voluntary arrangementTime order5. Debt respite schemesBreathing space schemeStandard breathing space moratoriumEligibilityMental health crisis moratoriumThe role of the debt adviserInitiating a breathing space moratoriumNon-disclosure of client's addressCreditor request for reviewAdviser's midway reviewCreditor non-complianceEnd of the moratoriumStatutory debt repayment plans