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Obtaining and Filing Bonds in Surrogate’s Court in New York in the COVID-19 Era
My name's Neil Pedersen of Pedersen & Sons Surety Bond Agency and today I am going to discuss the new procedure in the COVID era for obtaining and filing bonds in Surrogate's Court in the various counties of New York. As we continually move through the pandemic,...
Requirements for License Bonds in the State of New Jersey
The State of New Jersey Department of Consumer Affairs may require particular bonds for certain professional licenses. The bond amount could be anywhere from $1,000 to $25,000 but most are $5,000 or $10,000. These bonds are required for...
Covering a New Jersey Lien or Certificate of Debt
In New Jersey, any entity affected in any manner, whether directly or indirectly, by a lien under NJSA 30: 4D-7.8, or a certificate of debt filed prior to a final agency adjudication, in accordance with this section, can file a bond in the Superior Court of the County...
![Bid and Performance Bonds [VIDEO]](https://courtbondnow.com/wp-content/uploads/2021/03/Bid-and-Performance-Bonds.jpg)
Bid and Performance Bonds [VIDEO]
When planning to bid on a government or large private-sector contract, it is important to obtain a bid bond ahead of time to guarantee to the business entity that you can accept and enter into a contract. Neil Pedersen PEDERSEN & SONS SURETY BOND AGENCY, INC. 15...
![Performance Bonds [VIDEO]](https://courtbondnow.com/wp-content/uploads/2021/02/Performance-Bonds-DPLIC-96384744.jpg)
Performance Bonds [VIDEO]
A performance bond is necessary if you plan to bid on a governmental contract. Many business owners have gone after governmental contracts, but aren’t able to get the bonds and, as a result, lose the contract. With a bonding line a business owner can confidently say...
Mechanic’s Lien Bonds [VIDEO]
Bonds are necessary in construction disputes where unpaid contractors are filing mechanic’s liens against property owners. In these disputes, the property owners must file a bond because liens violate their mortgages. If a construction litigator has a client...
ERISA Withdrawal Liability Bonds
Today, I would like to speak to you about the Employee Retirement Income Security Act (ERISA) Withdrawal Liability Bonds. Previously, I spoke about when a company is being sold and the union requires a bond from the buyer to guarantee the unfunded pension obligations...
Undertaking on Appeal for Section 625 NY Labor Law Code
This blog is concerned with an undertaking on appeal for Section 625 of the New York Labor Law Code. This is when the Department of Unemployment Benefits assesses an underpayment and determines that a company owes an amount for underpayment of funds to them. A company...
![Appellate Bonds Cont’d. [VIDEO]](https://courtbondnow.com/wp-content/uploads/2020/10/Depositphotos_169303156_s-2019.jpg)
Appellate Bonds Cont’d. [VIDEO]
In my last video on this topic, I covered the reasons why you would use an appellate bond. In New York State, once a judgment is entered, the other side can execute upon it. In this video, I want to talk about what happens when that judgment is being executed upon....