What are Court Bonds?
Our Agency deals with civil court bonds and can help you make the right selection. These civil court bonds are surety bonds required by law to protect parties from harm that could result from a court ruling. Court bonds generally fall into one of two categories, Judicial Bonds and Fiduciary/Probate Bonds.
Judicial Bonds If you are involved in a lawsuit, you may need a Judicial Bond. This is a type of surety bond, or more specifically, a court bond. A surety bond is kind of like insurance; its purpose is to guarantee you will follow through on your obligations. Before entering into a civil proceeding, the court might require you to obtain a Judicial Bond to ensure that you can pay the costs related to the legal action. If you are required to get a Judicial Bond, the court will let you know.
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Judicial Bonds can be divided into two categories:
1. Defendant Bonds
2. Plaintiff Bonds
Defendant bonds block a plaintiff’s action or postpone payment of a judgement. They generally permit the defendant to regain control of contest property or postpone the enforcement of a decree affecting rights to property. Common types of defendant bonds are Bail bonds, Appeal bonds, Counter-Replevin bonds, and Release of Lien bonds.
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Plaintiff bonds are required of plaintiffs to ensure protection of the defendant should the plaintiff lose the lawsuit. They hold the plaintiff liable for any damages that the defendant suffers due to the result of the court proceeding. Common types of plaintiff bonds are Attachment bonds, Claim and Delivery bonds, Indemnity to Sheriff bonds, Injunction bonds, and Replevin bonds.
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Probate Bonds is a contract comprised of three parties.
Obligee – The court ordering the bond.
Principal – As the fiduciary, you are named principal on the bond document.
Surety – The company issuing the Probate Bond.
The bond is your guarantee to the court that you’ll handle the estate following the guidelines of the will or court order. If you fail your duties and obligations as the fiduciary, the estate’s heirs and beneficiaries can make a claim against your bond to recoup their losses.
CLICK HERE TO GET STARTED
Our Agency deals with civil court bonds and can help you make the right selection. These civil court bonds are surety bonds required by law to protect parties from harm that could result from a court ruling. Court bonds generally fall into one of two categories, Judicial Bonds and Fiduciary/Probate Bonds.
Judicial Bonds If you are involved in a lawsuit, you may need a Judicial Bond. This is a type of surety bond, or more specifically, a court bond. A surety bond is kind of like insurance; its purpose is to guarantee you will follow through on your obligations. Before entering into a civil proceeding, the court might require you to obtain a Judicial Bond to ensure that you can pay the costs related to the legal action. If you are required to get a Judicial Bond, the court will let you know.
CLICK HERE TO GET STARTED
Judicial Bonds can be divided into two categories:
1. Defendant Bonds
2. Plaintiff Bonds
Defendant bonds block a plaintiff’s action or postpone payment of a judgement. They generally permit the defendant to regain control of contest property or postpone the enforcement of a decree affecting rights to property. Common types of defendant bonds are Bail bonds, Appeal bonds, Counter-Replevin bonds, and Release of Lien bonds.
CLICK HERE TO GET STARTED
Plaintiff bonds are required of plaintiffs to ensure protection of the defendant should the plaintiff lose the lawsuit. They hold the plaintiff liable for any damages that the defendant suffers due to the result of the court proceeding. Common types of plaintiff bonds are Attachment bonds, Claim and Delivery bonds, Indemnity to Sheriff bonds, Injunction bonds, and Replevin bonds.
CLICK HERE TO GET STARTED
Probate Bonds is a contract comprised of three parties.
Obligee – The court ordering the bond.
Principal – As the fiduciary, you are named principal on the bond document.
Surety – The company issuing the Probate Bond.
The bond is your guarantee to the court that you’ll handle the estate following the guidelines of the will or court order. If you fail your duties and obligations as the fiduciary, the estate’s heirs and beneficiaries can make a claim against your bond to recoup their losses.
CLICK HERE TO GET STARTED