Bankruptcy

Bankruptcy Filings Holding Steady


Chapter 13 filings increased and Chapter 7 filings decreased, but the total number of filings over that period were consistent with past years.

  • Chapter 7: Liquidation Under the Bankruptcy Code. This chapter of the Bankruptcy Code provides for "liquidation" - the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.

General Order 17-0007

Submitted by DCGadmin on Mon, 2017-11-13 11:49
Pursuant 28 U.S.C. § 2071, and after appropriate public notice and an opportunity for comment, the District Court of Guam hereby adopts the attached updated Local Rules of Bankruptcy Practice, effective December 1, 2017.

 

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