Court Bonds

Bonds for judicial proceedings may be required for those seeking certain remedies in state or federal court. These bonds fall into two broad classifications:

Plaintiff Bonds: A plaintiff bond guarantees payment of damages suffered if an action is decided in favor of a defendant. The court determines the amount of a plaintiff bond. Attachment, replevin and sequestration bonds are plaintiff bonds.

Defendant Bonds: A defendant bond guarantees payment of damages suffered if an action is decided in favor of the plaintiff. The court determines the amount of a defendant bond. Defendant replevin, supersedeas, appeal and release of attachment are examples of defendant bonds. Defendant bonds often require up to 100% collateral.

A partial list of Court Bonds we can provide:

	Temporary Restraining Order Bond: A Temporary Restraining Order prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held. The bond guarantees that the plaintiff will pay any damages to the defendant by reason of the restraining order.
	Stop Notice Bond: Guarantees the claimant will pay all costs and damages to the owner, contractor or lender that they may sustain by reason of a garnishment.
	Writ of Possession Bond: This bond guarantees plaintiff will return the property claimed if the court so decides and pay any damages and costs. The bond allows the plaintiff to take possession of the property in the hands of the defendant.
	Attachment Bond: Attachment is a means of placing a defendant's property into the custody of the court at the request of the plaintiff before the trial as security for the plaintiff's claim. Many states require that the plaintiff post an attachment bond to guarantee the plaintiff will pay damages caused to the defendant by the attachment if the attachment is later determined to be wrongful.
	Release of Attachment Bond: When property is attached, the defendant is not helpless. The defendant usually has the right to have the property returned by posting a Release of Attachment bond to serve in lieu of the property as security for the plaintiff's claim.
	Release of Mechanic's Lien Bond: A mechanic's lien can be removed from real property by recording a release of mechanic's lien bond. In some states, the party filing the bond must serve a copy of the bond on the lien claimant. The bond then stands in place of the property as security for the lien claimant's claim.
	Injunction Bond: An injunction is a court order that requires a party to do, or to refrain from doing, some particular act. A short-term, temporary injunction is called a temporary restraining order. The bond guarantees that the other party will be paid their damages caused by the injunction if the injunction is later determined to have been wrongful.
	Appeal/Supersedeas Bond: When a party appeals a money judgment against them, filing the appeal is usually not sufficient to prevent the judgment creditor from taking action to collect the judgment while the appeal is pending. In order to stay collection of the judgment, the judgment debtor must file an appeal bond (sometimes called a supersedeas bond), which guarantees that the judgment will be paid if the judgment debtor is not successful in getting the judgment reversed.

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