Which of the following is NOT a non-judicial debt resolution process under the Personal Insolvency Act, 2012?

• A. Debt relief notice.
• B. Debt write-down arrangement.
• C. Personal insolvency arrangement.
• D. Debt settlement arrangement.

Answer: (B)

The question tests understanding of the official non-judicial debt resolution options created by the Personal Insolvency Act 2012 that help people deal with unsecured debt without going into bankruptcy. The legitimate non-judicial paths are a Debt Relief Notice, a Debt Settlement Arrangement, and a Personal Insolvency Arrangement. Each is a formal mechanism within the Act designed to resolve debts without bankruptcy, with specific rules about eligibility, durations, and creditor involvement. A Debt Relief Notice gives a temporary moratorium and, after completion, a write-off of qualifying unsecured debts; a Debt Settlement Arrangement sets up a plan to repay a portion of debts over several years; a Personal Insolvency Arrangement is a more formal, creditor-backed plan that is managed under supervision and can involve longer-term restructuring.

The term Debt write-down arrangement, however, does not correspond to one of the Act’s named non-judicial processes. It describes a possible outcome (some debts being written down) but is not itself a statutory, standalone non-judicial path within the Act.