{"id":879,"date":"2020-03-24T17:57:12","date_gmt":"2020-03-24T17:57:12","guid":{"rendered":"https:\/\/www.performancesuretybonds.com\/blog\/?p=879"},"modified":"2022-01-24T16:03:55","modified_gmt":"2022-01-24T16:03:55","slug":"acquire-supersedeas-bond","status":"publish","type":"post","link":"https:\/\/www.performancesuretybonds.com\/blog\/acquire-supersedeas-bond\/","title":{"rendered":"How to Acquire a Supersedeas Bond"},"content":{"rendered":"

If the courts have ordered you to acquire a supersedeas bond, it means you\u2019re 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.<\/p>\n

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What is a Supersedeas Bond?<\/h2>\n

Essentially, it\u2019s a guarantee that you will pay for any judgments ordered by the courts. Before a court agrees to hear your appeal, it requires you to obtain one of these bonds. Then, if the appeals court rules against you and you refuse to pay the judgment, the plaintiff to whom that judgment is owed can file a claim against the bond for financial compensation. By holding plaintiffs accountable for their debts, supersedeas bonds \u2013 also known as appeal bonds \u2013 discourage plaintiffs from filing frivolous appeals for the sole purpose of trying to delay or avoid paying a judgment.<\/p>\n

Who Needs a Supersedeas Bond?<\/h2>\n

Courts often require plaintiffs (and on rare occasion defendants) to prove they have a bond before the appeal proceeds, but it\u2019s not a universal requirement. The court will make it clear when and if you require a bond and in what amount. At that point, your next step should be seeking out a bond provider who can get you a bond fast and meet all the conditions of the court. There\u2019s no advantage to waiting.<\/p>\n

What is Your Role in a Supersedeas Bond?<\/h2>\n

Before you acquire a supersedeas bond, or any kind of surety bond for that matter, it\u2019s important to understand what role you play in the bond agreement and what sorts of obligations you\u2019re committing to. The best way to explain that agreement is by outlining the three parties involved:<\/p>\n