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After the court renders a money judgment in a case, the defendant has the ability to appeal the ruling to a higher court. Also known as an Appeal Bond, Supersedeas Bonds are required by the courts before the filing of an appeal. The bond guarantees that if the appealing party loses the appeal that they will satisfy the judgment. The bond amount varies by state but usually includes a provision for interest and court costs.
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 publicly traded corporations or Insurance companies.
Premium amount is 1% with collateral or 2% without collateral. Minimum of $250.
Bond amount will be set by state statute.
Florida requires two years of statutory interest to be added to the bond amount.
To show the defendant will not default or waste time with trivial appeals, a defendant must cover the costs of payment while the court reviews the judgment against him/her. Terms of the bond may vary and bond guarantees full payment should the appeal fail.
Every state requires a Supersedeas Bond for the appeal of a money judgment except New Jersey and Delaware. Even with states that require this action, an Appeal Bond can be waived. There are instances where the two parties can work out a measure that prevents the necessity of Supersedeas Bonds.
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.
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