Court & Judicial Bonds

Definition: A general term used for all bonds and undertakings required of participants in a lawsuit permitting them to pursue certain remedies in court.

Court bonds are required of parties involved in litigation and generally fall into two broad classifications:

1. Plaintiff Bonds-guarantees payment of damages suffered if the action is decided in favor of the defendant-amount is determined by the court. EX: plaintiff attachment, replevin, sequestration, indemnity to sheriff.

2. Defendant Bonds-guarantees payment of damages suffered if the action is decided in favor of the plaintiff.-amount is set by the court. EX: defendant replevin, supersedeas, appeal, release of attachment.

Both bonds require signed application and indemnity and good credit history. Defendant bonds most often require up to 100% collateral.

Contact our office with any questions and application information.