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...
When a money judgment is entered against an entity in Pennsylvania’s State Court, an appropriate security in the amount of 120% of the judgment is required in addition to the filing of the Notice of Appeal in order to stay the execution of a judgment. A supersedeas...
Recently, we had a request to set a bond amount pursuant to Section 51 of the General Municipal Law and Article 78 of the Civil Practice Law and Rules. This bond was intended to stop the Mayor and members of the Board of Trustees of a town from doing something an...
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...
A Receivership Bond is created when a company, but more commonly a piece of real estate, is in dispute. For example, a dispute could occur between the bank and a real estate owner if the bank is not receiving mortgage payments. If the property has tenants, these...
When seeking to obtain a surety bond, there are important considerations one needs to be aware of before applying to the court. Since there are costs associated with making an application to the court for the appointment of a guardian, conservator, administrator,...
