Often times surety bonds are used in cases to protect an enjoined party from wrongful civil actions. These generally fall under the category of plaintiff bonds. However there is also a list of surety bonds used as good faith measures so certain legal actions can be delayed. These are called defendants bonds. Over the coming […]
There are many reasons why a plaintiff would seek a prejudgment Writ of Attachment Bond in a civil proceeding; and there are valid reasons why seeking to attach in a civil proceeding is not a good tactic. California has strict statutory regulations regarding a claimant seeking to attach so it is important to weigh the […]
Plaintiffs involved in court cases in California must be aware of all their surety bond requirements. Today, our surety bond blog will discuss a few types of plaintiff bonds in California. A plaintiff may be required to have any combination of the following court bonds: replevin, garnishment, attachment, sheriff indemnity, corporate undertaking, receiver/assignee, bid protest, […]
A Personal Representative Bond in California is required to protect the interest of the deceased’s estate, its heirs and those parties who are owed money. The responsibility of a personal representative (commonly referred to as an administrator or executor in California) is taken seriously by the courts. Courts mandate the surety bond as a form […]
A Replevin Bond in California may be the only legal action available to a plaintiff in order to levy property before a judgment is made. In order to take this action, California state law requires a plaintiff secure a replevin bond to cover the value of the property, as well as court costs. This surety […]
A Attachment Bond in California is required for plaintiff’s seeking to attachment personal property before a judgment is made. The surety bond covers damages and the full cost of the attachment to protect the defendant from a financial loss. Requirements for bonding vary by California district; meaning Los Angeles may impose a higher bond amount […]
The ripple effects of the Great Recession remain with high rates of unemployment, foreclosures and businesses closing in California. When businesses decline, their bills start going unpaid. One of those bills left unpaid may be the rent on commercial property. Like tenants in an apartment complex, the proprietor can evict a business for unpaid rents. […]
Bank of American agreed to pay $187.5M to settle charges in California claiming the bank mishandled bond payments and retained bondholder payments from 1978 to 1995 that should have been returned. California Trustee bond played a role in that decision in that they are surety bonds protecting the trust from any losses sustained by the […]
As part of the series to explain how surety bonds work in different states, today we look at Release of Lis Pendens bonds in California. Florida is the “Sunshine State” but you’d be hard pressed to find a sunless day in California. Fortunately, the sunny disposition in California allows an easy process to file a […]