The benefits of using an appeal bond in California are clearly there. Finding the best appeal bond California rates might not be as transparent.
Working with a credible surety bond company is important no matter what type of bond is needed. The insight of surety bond experts helps deliver solid appeal bonds with low rates. It all comes down to knowing the appeal bond California requirements and how to best deliver a low cost.
An appeal bond is better for California defendants so they can halt judgment payments.
Jurisco understands the complexities of appeal cases. Bond experts are well trained in working with the appeal bond California mandates to deliver full coverage with a low rate. Being a nationwide surety bond company, Jurisco is able to provide low surety bond rates to individual states.
Purpose of Appeal Bonds in California
Using an appeal bond is the best way to halt collection of a judgment until after the appeal is complete. The appeal bond California statute requires the surety to protect the plaintiff against any wrongful delay of payment. Usually, an appeal bond is secured the same day Jurisco receives the bond application.
This surety bond can be secured by the defendant by their own volition or it may be mandated by a California court.
California courts are accustomed to dealing with appeal cases. In an effort to deter faulty appeals or unnecessary delays, the courts keep things moving smoothly with surety bonds. Whether the defendant is in San Francisco, San Jose, Los Angeles, or San Diego the courts readily accept, and require an appeal bond.
Only an appeal bond ensures the payment of judgment should the appeal be denied.
Appeal Bonds in Bankruptcy Cases
Bankruptcy cases often include the necessity of an appeal bond. California courts are no exception.
The Los Angeles Times reported about American Apparel’s bankruptcy case worth more than $200 million in bonds. The court is requiring the clothing company to post an appeal bond as part of its reorganization effort.
Again the defendants are being held to task by the appeal bond California requirements. However, they are also benefiting from having more time to handle payment.
The appeal bond California statute is seen as a sort of win-win situation since it protects the plaintiff while giving the defendant a chance to appeal.
Need An Appeal Bond Now?
Contact Jurisco to ask any questions about the appeal bond California process and how they can lower the surety bond rate. The appeal bond application may be filled out online right now to get started.