Guam § 50557 - Costs.
Full text of Guam Guam Code Annotated § 50557 — Costs., with citation guidance and answers to common questions.
§ 50557. Costs.
In all contested matters in insolvency the court may, in its discretion,
award costs to either party to be paid by the other, or to either or both
parties to be paid out of the estate, as justice and equity may require. In
awarding costs, the court may issue execution therefor. In all involuntary
cases under this Title, the court shall allow the petitioning creditors out of
the estate of the debtor, if any adjudication of insolvency be made, as a
preferred claim, all legal costs and disbursements incurred by them in that
behalf.
Frequently Asked Questions About Guam § 50557
What does Guam Code Annotated § 50557 cover?
Section 50557 ("Costs.") 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 § 50557?
A common citation format is "Guam Code Annotated § 50557" (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 § 50557 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.