Revised Laws of Saint Lucia (2021)

553.   Debtor's statement of affairs

  1.  

    (1)   Where a receiving order is made against a debtor, he or she shall make out and submit to the receiver a statement of and in relation to his or her affairs in the prescribed form, verified by affidavit and showing the particulars of the debtor's assets, debts and liabilities, the names, residences and occupations of his or her creditors, the securities held by them respectively, the dates when the securities were respectively given, and such further or other information as may be prescribed or as the receiver may require.

  1.  

    (2)   The statement shall be so submitted within the following times, namely—

    1.  

      (a)      if the order is made on the petition of the debtor, within 3 days from the date of the order;

    1.  

      (b)      if the order is made on the petition of a creditor, within 7 days from the date of the order.

  1.  

    But the Court may in either case for special reasons extend the time.

  1.  

    (3)   If the debtor fails without reasonable excuse to comply with the requirements of this article, the Court may on the application of the receiver or of any creditor adjudge the debtor bankrupt.

  1.  

    (4)   Any person stating himself or herself in writing to be a creditor of the bankrupt, may, personally or by agent, inspect this statement at all reasonable times, and take any copy thereof or extract therefrom, but any person untruthfully so stating himself or herself to be a creditor is guilty of a contempt of Court, and shall be punishable accordingly on the application of the trustee or receiver.