Guam § 50558 - Dismissal.
Full text of Guam Guam Code Annotated § 50558 — Dismissal., with citation guidance and answers to common questions.
§ 50558. Dismissal.
If no creditor files written objection, the court may, upon the
application of the debtor, if it be a voluntary petition, or of the petitioning
creditors if a creditor's petition, dismiss the petition and discontinue the
proceedings at any time before the appointment of an assignee, upon giving
not less than two (2) weeks nor more than three (3) months notice to the
creditors, in the same manner that notice of the time and place of election of
an assignee is given; provided however, that by written consent of all
creditors filed in the court the proceedings may be dismissed at any time.
After the appointment of an assignee, no dismissal shall be made without
the consent of all parties interested in or affected thereby.
COL120106
Frequently Asked Questions About Guam § 50558
What does Guam Code Annotated § 50558 cover?
Section 50558 ("Dismissal.") 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 § 50558?
A common citation format is "Guam Code Annotated § 50558" (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 § 50558 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.