Guam § 50060 - Failure of Debtor to Perform Agreement.
Full text of Guam Guam Code Annotated § 50060 — Failure of Debtor to Perform Agreement., with citation guidance and answers to common questions.
§ 50060. Failure of Debtor to Perform Agreement.
If the debtor fails wholly or in part to perform the agreement decided
upon at the meeting of the creditors, all the rights which the creditors had
against the debtor before the agreement shall revest in them. In such case
the debtor may be made subject to the bankruptcy and insolvency proceed-
ings in the manner established by the following Chapters of this Title.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 50060
What does Guam Code Annotated § 50060 cover?
Section 50060 ("Failure of Debtor to Perform Agreement.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 50060?
A common citation format is "Guam Code Annotated § 50060" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 50060 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.