In a bid to streamline the insolvency framework for personal guarantors, the Insolvency and Bankruptcy Board of India (IBBI) has come out with a set of forms that makes it mandatory for resolution professionals (RPs) to file information with the board at different stages of an insolvency process involving personal guarantors. These forms are aimed at strengthening the IBBI’s monitoring system and to inform key stakeholders about the various transactions carried out during the ongoing process.