How Does a Supersedeas Bond Work?

If you’re the defendant in a civil case and the judge rules against you, the courts grant you the right to appeal. You won’t have to pay the judgement until your appeal is complete, but first you will need to obtain a supersedeas bond. Also sometimes called an appeal bond or a defendant appeal bond, a supersedeas bond provides a financial guarantee that you will pay for any judgement in the event that your appeal fails. When plaintiffs obtain a bond they enter into a surety agreement. Under that agreement, the bond holder must pay for any claims filed against the bond by the plaintiff in the case.

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Everything to Know About a Temporary Restraining Order Bond

Also known a court injunction, a temporary restraining order is an official edict from a court requiring an individual to refrain from a specific act(s). Though often associated with domestic violence cases, temporary restraining orders are common in legal proceedings and provide the courts with a useful mechanism to pause events in place. They also provide plaintiffs with the means to keep a defendant away from themselves or their children. Given the sensitive nature of these orders and the negative consequences that potentially arise from restricting a person’s freedom, judges are cautious about issuing them. In some cases, they require plaintiffs to acquire a temporary restraining order bonds, a type of court bond before they agree to proceed. If you or someone you know requires one of these bonds, this quick and clear guide explains everything you need to know.

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What is the Purpose of a Preliminary Injunction Bond?

Courts in the United Stated work rigorously to preserve the equality of both parties involved in litigation. Preliminary injunctions help ensure the plaintiff has a fair day in court, and preliminary injunction bonds do the same for the defendants. Think of them as two sides of the same coin – equally important for the administration of justice.

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How to Acquire a Supersedeas Bond

If the courts have ordered you to acquire a supersedeas bond, it means you’re appealing the outcome of civil litigation. In order to put checks and balances on the justice system, people have the right to appeal a decision rendered in a court of law. However, the courts have the right to refuse to hear that appeal until you obtain a supersedeas bond. Since everything depends on you having a bond, you need to make acquiring one your top priority. Follow this quick guide.

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Everything You Need to Know About an Appeal Surety Bond

As recently as 2018, the number of cases filed in the US Court of Appeals fell by 16% or almost 10,000 appeals in one year. That sounds like a lot – and it is – but considering that almost 50,000 appeals were filed that year, the courts are still hearing a lot of cases. If you plan to be involved with one, specifically involving civil litigation, you may need to obtain an appeal surety bond before the court agrees to hear your case. When required, this bond is non-negotiable, and your entire appeal depends on getting one. Fortunately, it’s a relatively simple process and a manageable cost. Viking Bond Service is here to explain everything you need to know.

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How Does a Replevin Bond Work?

The number of lawyers in American continues to grow every year. According to research from the American Bar Association, that number grew by 15% between 2008 and 2018, bringing the total number of lawyers above the 1.3 million mark. Many of these lawyers work in civil litigation – when one party seeks a financial settlement from another party for a perceived wrong. As part of this type of litigation, the courts may require the plaintiff to obtain a replevin bond. It’s a small but important part of the process. Use this quick overview to learn everything you need to know.

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What is an Executor Bond?

As the Baby Boomer generation gets older, experts are predicting one of the greatest generational wealth transfers in human history. An eye-popping $68 trillion dollars will pass to the children and grandchildren of Baby Boomers, and it will be up to estate executors to distribute all those assets exactly as the deceased intended. It’s going to be a huge undertaking, but, unfortunately, it’s going to be a huge opportunity for fraud and malfeasance as well. Executor bonds make that less likely, which is why most executors must have them. This blog will run down everything you need to know.

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