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Courts may require surety bonds for practical reasons. Basically, like all surety bonds, court bonds serve these purposes: They guarantee payments of related court costs. They safeguard involved parties in the litigation (usually the obligee, which is opposite the bond applicant). Here are five things you may not know about court surety bonds. Court bonds …
Unless you are one of the lucky few, it may be safe to assume you have accrued debt throughout your adult life. From student loans to car and mortgage loans, personal debt comes in a variety of different forms. Creditors are any one person or organization owed money from a debtor. If a creditor finds …
Petitioning Creditors Bonds: Insuring Debtors In The Eyes Of The Law Read More »
Surety bonds exist for a wide variety of reasons and situations, benefitting and protecting the financial and contractual well-being of a defined party. When it comes to estate and will enforcement after an individual has passed, executor bonds serve as the defining law promising the administration and settling of such contracts. Although laws vary by …
Executor Bonds: Valuable Protection For Your Estate Read More »
VA fiduciary bonds serve to protect veterans who have experienced mental health trauma or diseases that render them incapable of managing their finances on their own. In situations where veterans or their families are deemed mentally incompetent and unable to manage their finances, these bonds ensure veterans will have a fair chance at reestablishing their …
In instances where someone is appointed as the guardian of a minor or a person that is unable to care for themselves, a guardianship bond is required to protect the interest of the person who is being cared for. If you have found yourself in a situation where a guardianship bond is being required and …
