Category Archives: Court Bonds

What Is Surety Bond Collateral & How Does It Work?

Small business owner smiling because he was just approved for a surety bond with collateral

When applying for a surety bond, particularly in industries like construction and law, understanding the concept of collateral and its significance can empower you to navigate the bonding process with confidence and knowledge.  Collateral is sometimes a requirement from a surety for a high-risk bond. Other times, it can be a viable solution for a […]

What Is a Court Bond? [Video]

Court proceeding for banktrupcty

Court bonds are court-ordered surety bonds for specific legal matters. The primary purpose of these bonds is typically to protect one party against losses they could suffer due to another party’s failure to perform their duties. If the court requires you to get a bond, you’ll be responsible for fulfilling your legal responsibilities. If you […]