Why bother to fight and waste more money which Terry doesn't have.
Terry should just ignore the writ and don't enter appearance at all.
In 14 days, Loong can get default judgement. It's all over. Legal costs minimized.
Loong gets to win on a technical ground and the case will be over. A technical judgment has zero moral value for Loong to gloat about. More salt to his wound than vindication which he wants sinkies to perceive. No?
Let Loong enforce and made Terry a bankrupt and Terry, being an underdog, he will get more public sympathy, which will defeat Loong's arrogance morally.