Over 55,000 businesses went bankrupt in 2014, according to the U.S. Department of Labor. When a business declares bankruptcy the court in every state requires a receiver bond (assignee bond) to cover any unlawful handling of money. This surety bond is required by states because even though the defunct company is bankrupt it still has to […]

A surety bond save Ohio company million dollar($1.2) after a business it was working with declared bankruptcy. United Architectural Metals (UAM) was able to recover the $1.2 million owed by Trainor Glass Company because Trainor used a surety bond. By using a surety to protect the company’s assets, Trainor was able to properly settle their […]

Bankrupt Companies Need Receiver Bond may not be the first thing you think of when you hear a company has filed for bankruptcy, but it is one of the initial concerns companies must take care of during bankruptcy proceedings. Companies attempting to restructure and achieve better financial footing still have a responsibility to their debtors […]

Bad Credit Affect Bonds is having a ripple effect on job employment, housing rates and yes, even surety bond costs. Fiduciary Bonds, similar to probate bond, executor bond and an estate bond, will be affected by bad credit. However, the JURISCO surety bond experts are here to assist applicants who have bad credit or any […]