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Form J Supersedeas Bond Rule 32c of the STATE of

Form J Supersedeas Bond Rule 32c of the STATE of

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Here’s what you should know about Appeal Bonds  and Supersedeas Bonds before obtaining one. Oftentimes, there is confusion between  an Appeal Bond and a Supersedeas Bond. In a nutshell, an Appeal bond is utilized to cover  the opposing party’s court costs if the appeal is   unsuccessful. Any party can bring an appeal after  a final judgment in civil litigation. The precise   rules for appeal bonds will vary from state to  state, jurisdiction, or State vs. Federal Court. On the other hand, a Supersedeas bond  guarantees that the successful litigant   will have a source of collection after  the appeal. It is usually required by   the court if a losing party in a civil suit  wants to appeal the judgment against them. It’s important to note may many states  adjust the total bond amount to 150% of   the judgement amount. In other words, if the  judgement in the lower court is $100,000,   then the bond amount would be set at $150,000. What are the documents needed

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