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Supersedeas Bond Form

Supersedeas Bond Form

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Instructions and help about Supersedeas Bond

hi i'm roger grow at garage management we're here today to talk about appeal bonds how they work what they are and how you can get one if you've ever been sued and a judgment has been rendered against you meaning that a court has found that you owe money to someone else and you at that point you have a choice you can pay up or you can appeal it if you elect to appeal it it may very well be that the lower court requires you to guarantee payment of the judgment that was initially rendered one of the ways to do that is to actually pay it well nobody really wants to do that so a business has developed where you guarantee that you will pay that using a third party that third party issues the guarantee in your behalf and that's called the appeal bond now appeal bonds are always 100 percent collateralized so there's no risk at all to the party on the other side they know that they're going to get paid worst case but what it does save is you sell

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