Since the resignation of the CFO of Eagle Hospitality Trust ("EHT"), I have mentioned that investors holding on to EHT better be prepared to do a 100% write off of their investments similar to what happened to Hyflux. However, the lightning speed of the collapse did catch me off-guard in March 2020- I was planning to re-evaluate on what to do with my existing holdings of EHT after the payout of dividends (which unfortunately never materialise).

No one can predict with 100% certainty what will happen next. But there are basically 3 scenarios that can happen, and we can then rationalise using probability to figure out it goes which way:
Scenario 1: EHT goes into immediate liquidation and firesales of its hotels to 3rd parties as bankers refuses to grant any further forbearance of the breach of bank covenant.I think that the chances of this happening is possible but on the low side. If this...