The Government of Saint Lucia, on Monday, 16th October 2024, presented the Insolvency Bill for debate in the House of Assembly. The Bill, which was introduced by Attorney General, Leslie Mondesir, was taken through all its stages at this sitting. Insolvency occurs when an individual or company can no longer meet their debt obligations. For a business, this means that its liabilities exceed the value of its assets and income. The Attorney General expounded on the merits of the bill.