What You Need to Know About A Detroit Injunction Bond

April 11, 2017 by · Leave a Comment 

A Detroit injunction bond is a required surety bond during an injunction process. When a court mandates a surety bond they are serious. A plaintiff wishing to a particular action from happening has to prove to the court they have grounds to do so. Detroit injunction bonds help serve that purpose.

What Is An Injunction?

Detroit injunction bonds are only used in injunction cases. An injunction is a type of judicial order that requires another party to do or to stop doing something. This could be stopping the sale of property or stopping visitations.

There are three types of injunctions possible including temporary injunctions, preliminary injunctions, and permanent injunctions. In each type, an injunction bond is required. This mandate applies to all of Michigan, not just Detroit.

Why Are Injunction Bonds Used?

View of Detroit taken from a high view point, perhaps a helicopter. The buildings of downtown are prominently shownCourts in Michigan, as elsewhere in the United States, use injunction bonds to protect the party on the receiving end of the injunction from wrongful doing. For instance, if a plaintiff seeks an injunction against someone to stop the sale of property, the defendant is at risk of a financial loss if the action is later deemed unlawful. The injunction surety bond covers the financial risk that comes with causing or stopping the action.

Surety bonds are used as a source of protection no matter which type of bond. A probate bond can protect a trust, a licensed broker bond can protect the public, and an injunction bond protects an individual.

Bond experts at Jurisco understand all the Detroit surety bond requirements. No matter what type of injunction a client is dealing with, Jurisco experts can handle the case.

How Long Does A Detroit Injunction Bond Last?

A Detroit injunction bond must last for as long as the injunction. There are scenarios where a judge can waive the bond completely or limit the time it must be valid. Once Jurisco receives the injunction bond application, bond writers get to work determining the necessary lifespan of the bond. Clients can contact Jurisco with any questions or concerns they have.

Don’t let a Detroit injunction bond be a headache. Work with Jurisco and let the bond professionals handle everything for a Detroit injunction bond. Jurisco will deliver the best bond at the lowest surety rate possible for Michigan.

 
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