Guam § 50252 - Preferred Claims.

Full text of Guam Guam Code Annotated § 50252 — Preferred Claims., with citation guidance and answers to common questions.

§ 50252. Preferred Claims.

The following shall be preferred claims which shall be paid in the

order named:

(a) Legal expenses, and expenses incurred in the administration of

the insolvent's estate for the common interest of the creditors, when

properly authorized and approved by the court;

(b) Necessary funeral expenses of the debtor, or of his wife, or

children who are under their parental authority and have no property of

their own, when approved by the court;

(c) Debts, taxes, and assessments due the government of Guam;

(d) Debts for personal services rendered the insolvent by clerks,

laborers, or domestic servants during the sixty (60) days immediately

preceding the commencement of proceedings in insolvency, not to

exceed two hundred dollars ($200.00) for each claimant.

Frequently Asked Questions About Guam § 50252

What does Guam Code Annotated § 50252 cover?

Section 50252 ("Preferred Claims.") 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 § 50252?

A common citation format is "Guam Code Annotated § 50252" (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 § 50252 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.