Insolvency resolution of personal guarantors now requires detailed asset disclosure, circular-notified forms, and coordinated transfer procedures. Amends the insolvency resolution framework for personal guarantors by replacing prescribed forms with circular-notified forms, updating procedural references, and inserting a detailed statement of assets requirement. The new disclosure obligation covers cash, bank deposits, business interests, investments, immovable property, retirement and provident fund assets, digital assets, intellectual property, valuable movables, agricultural assets, receivables, claims, ESOPs, and beneficial ownership interests, including assets held directly, jointly, through fiduciary or beneficial structures, or under control or economic benefit regardless of legal title.