Bond Penalty Follows Statutory Surety Bond Formula
An Alabama supersedeas bond is required of all appellants when he or she seeks to stay collection of a judgment during the pendancy of an appeal. Rule 8. of the Alabama Rules of Appellate Procedure is clear that baring very limited exceptions (Rule 62(e), Ala.R.Civ.P.) a supersedeas bond with "good and sufficient sureties" must be filed with the trial court in the venue of the original judgment and payable to the appellee. The surety bond guarantees "satisfaction of the judgment" however as in most jurisdictions there is a statutory formula for determining the bond penalty (amount). The appellate manual details the formula with reference to the judgment:
If for the payment of money only, the Alabama supersedeas bond must be in an amount equal to 150% of the amount of the judgment if the judgment does not exceed $10,000.00, or 125% if the judgment exceeds $10,000.00;
For the payment of money and also for the performance of some other act or duty, or for the recovery or sale of property or the possession thereof, in such sum, in addition to the sum required for money judgments only in (1) above, as the trial court may in writing prescribe; or if appellant wishes to supersede the judgment as to the payment of money only, the requirements of (1) above shall apply;
Only for the performance of some act or duty, or for the recovery or sale of property or the possession thereof (or if the judgment includes the payment of money and the appellant does not wish to supersede the judgment in that respect), in such sum as the trial court may in writing prescribe. The approval of the supersedeas bond by the clerk of the trial court, unless contested by the opposing party, shall constitute a stay of the judgment when the judgment is for the payment of money only, or the payment of money and some other act and the appellant wishes to supersede the judgment as to the payment of money only.
What a great company!! They made the bond process easy and quick. Excellent customer service.
Staff was impeccable customer service.
The assistance and turn around time of Surety One is absolutely outstanding! So happy to have them available!
great service, quick responses. Keep up the great work.
Excellent in EVERY way!
Angie Reynoso has been updating me on my bond and explaining every detail of it. Very responsive
Tania is very accommodating and responsive. Very nice customer service.
I went from looking for an ERISA bond to having one executed in less than two hours! The process was simple, straightforward and the response was at lightning speed. This is exactly what small businesses like mine need, someone responsive so that I can focus on important things, like running the business. Thank you and keep up the good work.
Tania was very helpful and knowledgeable. The turn around time was fast. I will definitely use Surety One again and recommend them to anyone who needs a bond. Tania was super nice.
A really good experience here. I have used this company before and they were great. I see today that this is just the way that they operate. I highly recommend this surety bond agency.
A pleasure to work with....very professional
Tania was awesome. Quick responses.
Excellent service and professional staff support.
I began a chat because I needed clarification on Fidelity Bonds. They were very patient and very helpful in explaining the process of fidelity bonds and surety bonds and the items necessary for each.
Muy contento con los productos y el servicio. Sr Poindexter muchas gracias por sus atenciones.
Constantin has been very prompt, professional and informative
at all times.
Your Representative was really good, she cooperated very well with my questions thank you
Very professional and patient with numerous questions.
Fast service, reasonable prices and expert help. I'll use this firm next time it's needed for certain!
I have been working with the group for several years now and they even take excellent care of my clients. Very personable, professional and reliable.