Revised Laws of Saint Lucia (2023)

543.   Interpretation

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    In this Title, unless the context otherwise requires—

“available act of bankruptcy” means any act of bankruptcy available for a bankruptcy petition at the date of the presentation of the petition on which the receiving order is made;

“debt provable in bankruptcy” or “provable debt” includes any debt or liability hereby made provable in bankruptcy;

“debtor” includes any person who at the time when any act of bankruptcy was done or suffered by him or her—

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    (a)      was personally present in Saint Lucia;

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    (b)      ordinarily resided or had a place of residence in Saint Lucia;

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    (c)      was carrying on business in Saint Lucia, personally, or by means of an agent or manager;

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    (d)     was a member of a partnership firm which carried on business in Saint Lucia;

“ordinary resolution” means a resolution decided by a majority in value of the creditors present, personally or by proxy at a meeting of creditors and voting on the resolution;

“Registrar” means the Registrar of the Supreme Court;

“special resolution” means a resolution decided by a majority in number and ¾ in value of such creditors as aforesaid;

“secured creditor” means a person holding a mortgage charge or lien on property of the debtor or any part thereof as a security for a debt due to him or her from the debtor;

“Sheriff” includes any officer charged with the execution of a writ or other process;

“Trustee” means the trustee in bankruptcy of a debtor's estate.