Judicial bonds are a class of surety obligations that are needed in civil actions and by the United States Admiralty Courts. Generally divided into "plaintiff" and "defendant" categories, they are also often referred to as "voluntary" or "compulsory" (plaintiff's bonds often being the former, and defendant's the later). The class and creditworthiness of the bond applicant are underwriting factors that determine if collateral will be required.
Each application should be submitted with a copy of the pertinent court documents, applicant's current financial statement, and the representing attorney's "C.V." or "resumé".
In admiralty courts bonds are referred to as "stipulations". We offer bonds to ALL parties; libellants (plaintiffs), defendants and claimants (owners). Each application should be submitted with a copy of the pertinent court documents, applicant's current financial statement, and the representing attorney's (proctor's) "C.V." or "resumé ".
A mechanic's lien discharge bond (lien release bond) is a convenient mechanism that allows a general contractor, property owner, mortgage or title company to remove a lien from a parcel of real property that has been filed by a contractor or material supplier.
A "fiduciary" is a person or entity appointed by a court to administer the assets of another. There are three basic classes of fiduciary bonds. Each has a similar purpose, i.e., to ensure the legal, fair and honest management of that third party's funds and property.
These are bonds for fiduciaries that administer the assets of a deceased. Each application should be submitted with a copy of the pertinent court documents, applicant's current financial statement, a schedule of the estate's assets and the representing attorney's"C.V." or "resumé".
These are bonds for fiduciaries that administer the assets of a "ward", an incapacitated or incompetent person. Each application should be submitted with a copy of the pertinent court documents, applicant's current financial statement, and a schedule of the guardianship assets.
These are bonds for "receivers" and "trustees" appointed by a court to administer the assets of a business or individual. Each application should be submitted with a copy of the pertinent court documents, applicant's current financial statement, a schedule of the guardianship assets, AND the applicant's "C.V." or resumé evidencing his/her general business experience and ability to fulfill the responsibilities of a trustee.
The pages linked to this portal cite federal, state and local statutes which will be helpful in calculating proper bond penalties and jurisdictional-specific requirements. We provide the content of these pages to be helpful. If you feel that offer of general information about judicial surety bonds replaces the advice of competent counsel, you have misinterpreted our intent. Is there a reason for this disclaimer? Yes, some parties are not willing to accept responsibility for their failure to consult an attorney and would prefer to blame a bonding company that's only purpose is to be helpful. Get a lawyer!