A writ of sequestration is a prejudgment action that allows the court to seize or attach property or assets on behalf of the plaintiff. In an effort to make this process easier, a writ of sequestration bond is often used. The surety bond covers the action, so in the event something goes awry, the bond keeps things together.
Surety bonds are commonly used in attachment proceedings. A surety bond expert at Jurisco can help you determine if your situation would benefit from a surety bond.
The terms of a writ of sequestration bond are typically set by the court. There are situations where the defendant can make special requests, but it is up to the court’s discretion. Most commonly, a writ of sequestration bond covers the value of the assets being seized. Securing a bond that protects the assets, proves to the court that the plaintiff has taken the appropriate steps.
The cost of a sequestration bond is often a small percentage of its overall value. This is one reason why securing a writ of sequestration surety bond can be done so quickly. A judge can increase the bond amount to cover legal fees and/or the law enforcement agency entrusted to seize the assets.The U.S. Marshals Service deals with writ of sequestrations as a part of their regular duties.
Jurisco offers online writ of sequestration bond applications to make the surety bond process easier. Surety bond experts know that time is of the essence in bonding issues. Jurisco routinely delivers same day surety bond service.
When a judge gives the green-light on a sequestration, it’s important to have everything ready to go. Jurisco can make sure that a surety bond is secured within the designated time frame.
Contact Jurisco to discuss writ of sequestration bonds and how one may help your case. A surety bond expert can discuss your state’s restrictions to find the lowest cost for your surety bond.