Undertaking on Appeal for Section 625 NY Labor Law Code

by admin | Nov 11, 2020 | Bonding Procedures, Court Bonds

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 [VIDEO]

by admin | Oct 4, 2020 | Court Bonds, Supersedeas Bonds, Suretyship

This is the first of a multi-part series about appellate bonds, also known as supersedeas bonds, undertakings on appeal, and stay bonds. This part of the series describes the purpose of an appellate bond, which is to guarantee the payment of the judgment once the...

Third Party Indemnity Related to Court Bonds

by admin | Aug 19, 2020 | Bonding Procedures, Court Bonds

There are times when a client needs to obtain a bond and is unable to do so. In cases like these, a third party could be willing to guarantee the bond. This would require the third party to execute an Indemnity agreement with the surety in addition to the bond...

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.