What is a Garnishment Bond?
A surety bond required by statute if the Plaintiff intends to garnish a Defendant’s wages, assets or bank account before a judgment is made. Plaintiff bonds will cover damages should the court rule in favor of the defendant.
Bond Premiums and Bond Amounts:
Premium is 1% of the bond amount.
Minimum of $100.
If bond is for use in Florida there will be a 1.3% tax of the PREMIUM.
Bond amount will be twice (2x) the debt demanded.
List of states
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
FAQ:
When is a Garnishment Bond required?
A Garnishment bond is required by statute if the Plaintiff intends to garnish a Defendant’s bank account before a judgment is made.
Why are Garnishment Bonds necessary?
The plaintiff bond guarantees that the garnishment is not filed wrongfully and will cover damages should the court rule in favor of the defendant. Statute requires surety bonds to protect the defendant from a financial loss due to wrongful garnishments. The bond amount varies by state though usually includes a provision for interest and court costs.
Click on the appropriate surety bond application to download the defendant’s bonds form.
Review our surety rates from the rates section, fill out the PDF application form, and submit through your email client.
Jurisco will contact you to confirm receipt of the application then begin work immediately.
Jurisco offers competitive rates for Garnishment Bonds nationwide, fast service and a broad base of knowledge to help clients throughout the United States. We specialize in:
- Providing the best knowledge and service for surety bonds
- Lowest rates on all surety bonds
- Assisting clients to understand their bond rights and responsibilities
- Fast and accurate service
- Delivering solutions to bad credit applicants
Our application process is as simple as 1, 2, 3. Simply click on the Garnishment bond application, fill it out, email it to us with the required court documents and it’s done. Through our years of hands on experience, Jurisco understands that efficiency is imperative in the court system. We want you to have what you need, when you need it. Let’s start the process now.
By Illinois Garnishment Bond April 7, 2012 - 8:36 pm
[...] cause to a person’s financial stability, the state of Illinois mandates the plaintiff take out a garnishment bond to protect the defendant from a financial [...]
By Garnishment Bond in Florida April 7, 2012 - 8:41 pm
[...] Garnishment bonds are required by Florida courts before a person’s wages, assets, or bank accounts are garnished to cover a past debt. This action may be from a proprietor attempting to collect past debt or from a judgment holder perfecting their judgment. Garnishing a person’s wages is a serious transaction and Florida courts do not take it lightly. A surety bond protecting the defendant from wrongful garnishments is required before the first cent is withdrawn. [...]