A surety bond required by statute if the Plaintiff intends to garnish a Defendant’s wages, assets or bank account before a judgment is made. Plaintiff bonds will cover damages should the court rule in favor of the defendant.
This surety bond protects the defendant by covering the full cost and damages associated with an attachment proceeding. Surety bond cost varies by state and typically include a provision for interest and court costs.
Often referred to as a Sequestration or Claim and Delivery Bond, this is a surety bond required by statute if the plaintiff is seeking to levy property before a judgment.
A plaintiff bond that covers court costs when a party attempts to file action within a state without having residence. Not all states require this surety bond however, when they do it normally is under $2,000.
This bond is required to protect a law enforcement agency from damages when seizing property on behalf of a plaintiff.
Protecting the defendant from being wrongfully enjoined, a surety bond covers any damages the defendant may sustain should the court rule the plaintiff’s suit is wrongful.
When a plaintiff seeks to remove a commercial tenant, he or she must present to the court a Distress or Distraint Bond guaranteeing the defendant’s compensation should the court rule in favor of the defendant.
Plaintiffs may block the sale of property by using this type of surety bond as a guarantee to the court that the Lis Pendens is not filed in bad faith.
Surety bonds for a bank or lender to show a loss or destroyed financial instrument will not be redeemed. This can include cashier’s checks, stock certificates, mortgage notes and more.
A surety bond most often filed with a government agency to review the validity of an accepted bid on a request for proposal as well as guarantee a bid protest is not wrongful or meant to delay work on the contract.
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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.