November 19, 2015
Receiver Bond For A Bankrupt Business

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 […]

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March 9, 2012
Bankrupt Companies Need Receiver Bond

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 […]

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