Mr. Ian make a loan with Cash and Carry Financial Institution by charge their premise building as a fixed charge for the sum of RM200,000. After a while in 27 February 2022, has conduct a fixed charge...

Mr. Ian make a loan with Cash and Carry Financial Institution by charge their premise building as a fixed charge for the sum of RM200,000. After a while in 27 February 2022, has conduct a fixed charge over a debenture for the amount of RM100,000 from Bank Melaka because they need to export the goods to Beijing. While then, the company also doesn’t have money to pay both of Cash and Carry Financial Institution and Bank Melaka.

1. Now what should Mr. Ian do because of the above problem?

2. How should he solve this problem?

3. What will be the solution for his matter.