Petitioning Creditors Bond | Surety BondPetitioning Creditors Bond Application
Type of BondPetitioning creditor bond is a Surety bond, which is issued when a petition is filed to declare a bankruptcy or insolvency. In a petitioning creditor bond, an application is given to the receiver or the marshal to take charge of the property of the bankruptcy prior to the hearing. The petitioner is required to obtain a petitioning creditor bond to indemnify the alleged bankruptcy for the cost, expense, counsel fee and damages. This happens when the petitioner withdraws the petition. This bond indemnifies the bankruptcy for the additional expenses incurred.
Program: Our agency currently has several specialty programs that can help you place your Petitioning Creditors Bond.
Petitioning Creditors Bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25%.
Always check with the "Obligee" for details
Our application process for a Petitioning Creditors Bond is easy. You can apply for the Petitioning Creditors Bond Application .Find this bond for another state
Obligee InformationAn obligee is the entity that is requiring you to have the Petitioning Creditors.
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