Wotwazat -very well written epistle and no, I doubt strongly if you are the only one concerned about the training bond. I would say there must be over 150+ or so, who have S$47 000 in a bond, thinking - "with a 25% paycut or more, even with a cut back in all luxuries I will not come out even" Thats just to break even - before sending one $ into a saving account - and god help those who have children at the international schools.
I would be very very surprised if they let anyone out of thier bond even if you prove that you are going bankrupt.