Guam § 50450 - Application for Discharge by Debtor.
Full text of Guam Guam Code Annotated § 50450 — Application for Discharge by Debtor., with citation guidance and answers to common questions.
§ 50450. Application for Discharge by Debtor.
At any time after the expiration of three (3) months from the
adjudication of insolvency, but not later than one (1) year from such
adjudication, unless the property of the insolvent debtor has not been
converted into money, the debtor may apply to the court for a discharge
from his debts, and the court shall thereupon order notice to be given to all
creditors who have proved their debts to appear on a day appointed for that
purpose and show cause why a discharge should not be granted to the
debtor; said notice shall be given by registered mail and by publication at
least once a week for six (6) weeks; provided, that if no debts have been
proven, such notice shall not be required.
Frequently Asked Questions About Guam § 50450
What does Guam Code Annotated § 50450 cover?
Section 50450 ("Application for Discharge by Debtor.") 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 § 50450?
A common citation format is "Guam Code Annotated § 50450" (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 § 50450 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.