According to Burns (2016) ‘Chapter 16 – Maturity - The Exit’, when an individual person is struggling to pay their debts, his or her options include:Group of answer choicesPartnership involuntary arrangementsFormal family arrangementsAdministrationBankruptcy

When an individual is struggling to pay their debts, according to Burns (2016) in 'Chapter 16 - Maturity - The Exit', their options include:

1. Partnership involuntary arrangements: This is not typically an option for an individual as it pertains to business partnerships.

2. Formal family arrangements: This could be an option if family members are willing and able to help with the debt. This could involve lending money to the individual or helping to negotiate with creditors.

3. Administration: This is a formal process where an administrator is appointed to manage the individual's financial affairs. This could involve negotiating with creditors, selling assets to pay off debts, or setting up a payment plan.

4. Bankruptcy: This is a legal process where an individual declares they cannot pay their debts. It involves selling assets to pay off debts and can have serious long-term consequences, including affecting the individual's credit rating and ability to borrow in the future.