PHP Warning when using Toolset forms with PHP 7.4

Symptoms

When using Toolset Forms with PHP 7.4 or above you might run into the following PHP Warning:

Warning: Creating default object from empty value in public_html/wp-content/plugins/cred-frontend-editor/application/controllers/field_translation/command/AFFECTED FILE.php

AFFECTED FILE can be a lot of values, depending on what Inputs are present on the Form.

Workaround

This issue can be resolved by replacing the existing file data.php in your Toolset Forms Plugin Folder wp-content/plugins/cred-frontend-editor/application/models/form/  with the one available here