you have to consider that he previously had bankruptcy...

you have to consider that he previously had bankruptcy application against him and obviously paid that

going full bankruptcy and securing the asset which imho would be locked in with a caveat, is a longer journey, but it impacts on chances of getting finance into the future on any other property they would need to secure, so they face losing a lot of their wealth and being isolated.

so there is every chance his attitude to disallow any bankruptcy and save his property is how he will behave in this instance, given thats how he currently has behaved to previous bankruptcy applications.

regarding the undischarged bankrupt Tanzil, looks like the committal proceeding is happening in a few days

Tuesday 15th Jan

Tan Siong Thye

10:00 AM

CHAMBER 6B
HC/OS 26/2018 (HC/SUM 4739/2018)

XSTATE RESOURCES LIMITED V CHLOE KWOK YUN QING & 2 ORS
OTHERS / SUMMONS FOR LEAVE TO COMMENCE COMMITTAL PROCEEDINGS

OS & Summons
APPLICANT
XSTATE RESOURCES LIMITED
(SANDOSHAM PAUL RABINDRANATH / FOO CHUAN MIN, JERALD / HEW YI JIA SARAH)
(CAVENAGH LAW LLP)