A Stay Bond is similar to an injunction given that the principal is filing the bond to stop another party from doing something. The difference is that a defendant will file for a stay to keep the plaintiff from collecting on a judgment. The Stay Bond is required to guarantee that if the pending appeal is lost that the defendant will cover all costs and fees.
Defendants bonds require full collateral in the amount of the bond. We only accept Cashier’s Check or Irrevocable Letter of Credit. Exceptions can be made for large publiclytraded corporations or Insurance companies. If the Stay Bond is being used as an injunction the collateral requirement may be waived.
1% per annum OR $250 minimum. These bonds are normally fully collateralized. Exceptions can be made for large, publicly-traded companies or other large, financially secure organizations. Rate credits may also be available for large, publicly-traded principals.
The bond amount will be set by the court or statute based on the judgment amount.
The court will rule as to whether the judgment is upheld. A Stay Bond works as a surety bond for the court saying the defendant will cover the cost and interest of the judgment should the defendant lose. States require this bond to ensure the defendant will pay the judgment or release the property without a financial loss to the plaintiff.
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Jurisco offers competitive rates for Supersedeas Bonds nationwide, fast service and a broad base of knowledge to help clients throughout the United States. We specialize in:
Our application process is as simple as 1, 2, 3. Simply click on the appeal bond application, fill it out, email it to us with the required court documents and it’s done. Through our years of hands on experience, Jurisco understands that efficiency is imperative in the court system. We want you to have what you need, when you need it. Let’s start the process now.
Get in touch with lawyer-trained staff at Jurisco now.
The lawyer-trained staff at Jurisco understands the urgency related to defendant’s bonds and other civil court surety bonds. Other surety bond companies provide paperwork and hassles, while Jurisco specializes in solutions. Contact us by email, phone or fax to discuss your surety bonding needs today.