Personal guarantor bankruptcy rules now require trustee coordination, creditor approval, and disclosure for asset transfer during insolvency. The amendment streamlines the bankruptcy process for personal guarantors to corporate debtors by omitting clause (g) of regulation 2, replacing fixed Form A and Form B references with forms notified by Board circular, and inserting a new reference to section 164A. It also introduces regulation 20A, under which the bankruptcy trustee must coordinate with the resolution professional, obtain committee of creditors approval for transfer of assets, and ensure disclosure of any approved transfer under regulation 7 and section 155.