How To Secure A Philadelphia Appeal Bond

April 27, 2017 by · Leave a Comment 

One of the most common types of Philadelphia surety bonds is the appeal bond. The Jurisco blog directory contains many entries for appeal bonds due to the high rate of use in almost every state. Philadelphia isn’t unique to appeal bonds, it does, however, come with its own set of criteria and mandates. Securing an appeal bond doesn’t have to be a crisis moment. We’ll cover some guidelines and tips to make the Philadelphia appeal bond process easier.

A picture of buildings in downtown Philadelphia during the evening a few minutes before the sunset is overThe Philadelphia Story

The reasons for a Philadelphia appeal bond are similar to traditional appeal bonds in the U.S. A defendant seeking an appeal is required to secure an appeal bond. This mandate is done, in part, to protect the plaintiff against unnecessary delay. The appeal bond covers the value of the judgement along with any additional costs tacked on by the judge.

An appeal bond offers benefits for the defendant, as well. Without a surety bond, a judgement must be satisfied immediately. Having to pay out a large sum could hinder the financial ability to seek an appeal. The appeal bond is middle ground for the plaintiff and defendant.

Pay Attention to the Clock

It’s important to pay attention to the Philadelphia appeal bond requirements set forth by either state law, court order, or both. In addition to the value a bond must cover, these requirements include a time table. Failing to comply with the timeline may hinder the ability to appeal and the court’s willingness to hear it.

Jurisco works with clients to deliver a same-day surety bond whenever possible as to cause no delays for the appeal. Being lawyer-trained, surety bond experts know what the courts are looking for and what a defendant needs to have their appeal quickly considered.

Know Which Mandate Applies To You

Fulfilling bond requirements shouldn’t be taking shots in the dark. Working with a bond professional means having access to a game plan. While Jurisco works on Philadelphia appeal bonds often, bonds are never treated as one-size fits all. Paying attention to the details is important. Jurisco will be able to tell you which bond mandates apply to your situation so you receive maximum protection.

Ask Questions

Have a question? Ask it. Whether it is about bond rates, timelines, or state requirements, Jurisco is open to questions. The bond professionals at Jurisco are available by phone or email to discuss any questions about a Philadelphia appeal bond.

Appeal Bond Cost in Pennsylvania

February 16, 2012 by · Leave a Comment 

Appeal Bond Cost in PennsylvaniaA defendant wishing to appeal a money judgment is required to post an appeal bond before the appeal is heard by the Pennsylvania courts. An appeal bond is a surety bond covering the full worth of the money judgment as well as court costs. Without this bond, the court system would have its time wasted with faulty appeals and the plaintiff would be delayed payment. The appeal bond cost in Pennsylvania is determined by the cost of the judgment, court’s discretion and the credit of the defendant.

On average, an appeal bond cost in Pennsylvania requires 100% collateral. Depending on the judgment amount, this bond price could limit the defendant’s appeal choices if he/she does not have the funds to cover collateral. An alternative to this situation is asking the plaintiff to waive the surety bond requirement and then have a Pennsylvania judge sign off on that agreement.

Where the appeal bond is filed within Pennsylvania also plays a role in the cost. A judge sets the final bond amount and depending on the size of the city, or details of the case, the judge may require more than 100% collateral. For instance, the appeal bond may be required to cover interest as well. Knowing exactly what the court expects out of the surety bond will help lower the cost. Using a surety bond company knowledgeable of state and local mandates is important for this reason.

The defendant’s credit may play a role in the bond cost, but the only way to know for sure is to contact Jurisco. Bad credit is a reality for millions of Americans and as a nationwide surety bond provider with a lawyer-trained staff, Jurisco is equipped to help handle each client’s needs even when they need bad credit bonding.

To know what your appeal bond cost will be in Pennsylvania contact Jurisco today. You may also fill out an appeal bond application online or a member of our staff can fax you over an application.

 
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