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Receiver's Bonds

How to Get Started

Getting the Receiver's Bonding process started with Viking is easy. There are several ways to get started on a Receiver's Bond with Viking:

• Call us. We are happy to take your call and go over your specific Receiver's Bond request person to person. (1-888-278-7389)
• Email us. You can email us with any questions or with an explanation of what you are looking for. Be sure to include contact information so one of our specialists can get back to you via your preferred method of communication.
• Complete the Contact Form and indicate Receiver's Bond as the Bond type. One of our specialists will contact you shortly after you complete the form.
• Use an existing Receiver's Bond application. If you have already completed an application elsewhere, you may send that same application in to us and we will work from it, rather than you completing a new one. Additionally, you can send in any Receiver's Bond quote received elsewhere and we will attempt to beat it.
• The Receiver's Bond online application will be available soon.

The Receiver's Bond Explained

A Receiver's Bond is a type of Judicial/Court Surety Bond that may be required by courts in cases where a Receiver will be appointed to manage fiduciary duties while the court works to resolve the case. If a Receiver is appointed in the case, and a Receiver's Bond is required, the Receiver must post the Bond prior to proceeding with the assigned fiduciary duties.
The Receiver's Surety Bond serves to ensure that a Receiver acts within the scope of the Receiver's permitted authority. If a Receiver acts outside of the permitted authority, claims can be made against the Receiver's Bond. Claims made against Receiver's Bonds may require permission from the court that appointed the Receiver.
As with most Surety Bonds, if a valid claim is presented, the Surety will pay on the claim in accordance with the Bond language. The principal, the Receiver, is ultimately responsible for any amount paid on the Bond.
The Receiver's Bond is called by Receiver Bond, and Receivership Bond as well. Bankruptcy Receiver's Bond is a type of Receiver's Bond.

Receiver's Bond Rates

Viking works with markets that welcome Receiver's Bonds. Rates for these bonds will vary based on the quality of credit and in some cases, financials. The better the credit, and financials if required, the better the rate. Poor credit will typically receive higher quotes and/or additional conditions but can still be approved.

The Receiver's Bonding Process

The first step to getting your Receiver's Bond in hand, is to contact us.
The next step is to send a completed application along with the court appointment. Business and Personal financials are not always required but could potentially help to get a more favorable quote.
Once the application is received, we will seek approvals and quotes from our Surety Companies. Upon receipt of Surety approval, we will relay the most favorable terms to you. Receiver's Bond quotes are typically received within 24 hours of receiving the application. Viking Quotes are free with no obligation.
The last step is to simply pay the premium and receive your Receiver Surety Bond!

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