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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June 19, 2015
Probate Bonds Required In Washington

The state of Washington may require a person or company take out a probate bonds should that person or company be in charge of a person’s estate, will, or trust. Even if the court does not specifically require a surety bond, the person or company charged with overseeing another’s assets may want to take that […]

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April 15, 2013
Surety Bond Save Ohio Company Million Dollar

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 […]

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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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