Courts Reopening: Get Those Bonds Prepared Now [VIDEO]

by admin | Jul 7, 2020 | Bonding Procedures, Court Bonds

The COVID-19 pandemic closed non-essential businesses, restaurants, and courts. Now that the curve is flattening, courts are reopening, but the line of attorneys trying to file things will be out the door. This blog discusses the advisability of preparing bonds now so...

Cancelling a Notice of Pendency

by admin | Jul 6, 2020 | Bonding Procedures, Court Bonds

(3 minutes to read) Today, I’d like to talk about the New York Consolidated Laws, Civil Practice Law, and Rules — CVP § 6515 subsection (2), which concerns the cancellation of a Notice of Pendency where both the plaintiff and the defendant are required to post...

Neil Pedersen: Guardianship Bonds Explained [Video]

by admin | Jan 15, 2020 | Bonding Procedures, Court Bonds

  If you have been named a Guardian of someone, either because they are incapacitated or a minor, you are required to obtain a Guardianship Bond. Learn more about the process to Guardianship Bonds in our new video.

What Is a Money Transmitter Bond?

by admin | Jan 7, 2020 | Bonding Procedures, Miscellaneous Bonds

A Money Transmitter Bond is a surety bond that represents a three party agreement between a principal, an obligee, and a surety. The principal is the one who needs the bond (you), the obligee is the state agency requiring you to get the bond, and the surety bond...

Understanding the Importance of Attachment Bonds

by Neil Pedersen | Feb 20, 2019 | Bonding Procedures, Court Bonds

Since prejudgment attachment cases often involve fraud — like when a company is defrauded out of money or property and needs to immediately have that money or property turned over to a third party who is the sheriff of the county where the property is located — an...

Undertaking on a Preliminary Injunction Bond

by Neil Pedersen | Sep 27, 2018 | Bonding Procedures, Court Bonds

When a client seeks injunctive relief, the judge may require an Undertaking on a Preliminary Injunction Bond. There are a few things to know about this type of bond: it can either be required of the defendant or of the plaintiff, it will enjoin the opposing party or a...