Court bonds are specific types of surety bonds used in court actions. Both a plaintiff and defendant may use a court bond. All states recognize this brand of surety to cover actions taken either before or after a judgment.
Goal Of A Court Surety Bond
The reason why courts across the country accept a court surety bond is due to the bond’s ability to protect against a wrongful action. A surety bond protects a plaintiff from an action taken by the defendant and vice versa.
Typically, it is the desire of this coverage that leads courts to mandate the bond. So no matter what action either party wants to take they must secure court bonds to prove to the court that the action isn’t done with wrongful intent.
Plaintiff Court Bonds
There are several types of plaintiff bonds including the following:
Each bond is related to a particular action. A garnishment bond, for instance, only applies to a plaintiff wishing to garnish the wages, assets, or bank account of the defendant. The same goes for the plaintiff wishing to stop the defendant from doing something. An injunction bond helps halt most actions.
Defendant Court Bonds
Some of the most common defendant bonds are:
Like plaintiff bonds, defendant bonds are connected by the desired action. Court bonds can be used to allow an action to happen or to stop an action already in progress. If a plaintiff, for example, uses a replevin bond to seize property, a defendant can use a counter replevin bond to regain possession.
Perhaps the most commonly thought of court bonds are bail bonds. A bail bond is when a defendant is released on bail with a promise to return to court.
Bail surety bonds are more affordable than paying the entire bail amount. Since only a small percentage of the overall bail is due with a surety bond more people are able to leave jail before their hearing.
The use of bail bonds has been called into question from time to time. In Indiana, there is discussion over whether or not cash court bonds should still be allowed. A judge in Indiana wrote an op-ed describing the benefits of court bonds.
Jurisco is staffed with surety bond experts who can answer any question about court bonds. Contact Jurisco today to start the fast court bond application process.