What do you need to know about Appeal Bond?

When a court case is given a money judgment, the defendant has the right to appeal to higher court.  Appeal bonds also known as Supersedeas Bonds are needed to be secured before the defendant or appellant can appeal in the higher court. The California Appeal Bond is required in the superior courts of California to guarantee that if the appellant loses the appeal, they will satisfy the judgment.

Need for Appeal Bond and its cost

The Appeal bond is actually a surety bond that is posted by the defendant to stop the instant enforcement of the verdict. The long duration of the appeal and high costs involved can make the appellant go bankrupt after the appeal has been made. The court ensures that the appellant will complete the obligation made after the appeal is over irrespective of the outcome. With California Appeal Bond, the court ensures that the obligations are fulfilled. The bond covers the following:

  • The full amount of the judgment
  • The expenses incurred due to the stay on the execution of the judgment.

The bond amount is actually equal or more than the cost needed to fulfill the complete amount of judgment along with the costs, charges and interests acquired during the appeal. The court has the full discretion to determine the bond amount of the appellant. In California the amount of the appeal bond is actually one and half times the amount specified in the judgment. The bond premium is a percentage of the bond amount which is normally about 1% to 2% of the bond amount. The bond of the defendant requires full collateral in the amount of the bond.

You can get the surety appeal bond from surety companies. These companies with fast and reliable services can immediately process the application. The agents there will explain the whole process and after the collateral is posted and bond premium is paid, the appeal bond will be issued.

Featured

Explore The Benefits Of Knee Caps, Traction Kits, And Stockings For Varicose Veins

In today’s fast-paced world, people suffer from various health issues due to less physical activity and sedentary lifestyles. Among them, some of the most common health issues include varicose veins that affect the lower extremities and knee-related problems like joint pain and instability. Fortunately, brands like VisscoNext provide various effective products, such as knee caps, […]

Read More
Featured

Why Customised Laser Cut Signage is a Must-Have for Any Event

Customised laser cut signage has become increasingly popular for any type of event because of its versatility and ability to stand out from the crowd. Whether you’re exhibiting at an event, hosting an awards ceremony, or creating an eye-catching marketing display, laser cut signage can greatly impact your guests. This blog will explain why laser […]

Read More
Featured

The Best dhoby ghaut in Singapore

Looking for the best dhoby ghaut in Singapore? Look no further! We’ve gathered the top tips and tricks to help you make the most of your trip. From choosing your hotel to getting around, we’ve got everything covered. So whether you’re looking for advice on how to get started or just want to see where […]

Read More