if any of those conditions are made out, then the court may make a "receiving order" (which is the name for what is ordinarily called a bankruptcy order in anguilla). on the making of a receiving order a receiver is constituted "receiver" of the property of the debtor, and thereafter no creditor to whom the debtor is indebted in respect of any debt provable in bankruptcy shall have any remedy against the debtor in respect of the debt or shall commence any action or other legal proceedings unless with the leave of the court, and on such terms as the court may impose. thereafter a meeting of creditors is convened, and they may by resolution of 75% of creditors in value seek to implement an arrangement or compromise in relation to the debts of the bankrupt. if the meeting is not successful in implementing a scheme, then the court will appoint a trustee in bankruptcy who will divide the property of the bankrupt between his creditors in the discharge of their claims.