(844) 589-9732

Alabama Receiver Bond

September 2, 2020

AmeriPro Surety Bonds offers you the Alabama receiver bond in the amount required. Up to a $250,000 surety bond requirement, we also do so without a credit check inquiry. Please call our agency today at 844-589-9732.

Alabama Receiver Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond; Purpose

 

 

 

Receivers are given the authority to do a lot of things with respect to a business entity that is in dissolution.

These include:

A condition of your appointment as receiver is that you obtain a surety bond in the amount that the court directs. The purpose of your surety bond requirement is simply to guarantee that you’ll perform all your duties in accordance with the law and the directives of the presiding court.

 

 

 

Qualifying and the Premium

 

 

 

Our agency can provide you with the Alabama receiver bond in whatever amount that the Court has ordered.

Applicants who have a surety bond requirement up to and including $250,000, will be approved without a credit check.

Applicants who have a surety bond requirement greater than $250,000 must submit an application to be reviewed by a surety bond underwriter. This review includes a credit check inquiry. Good credit will be required for approval at these higher amounts.

Regardless of the amount of surety bond required, our agency will need the following from you:

  • A copy of the Court order which appoints you as receiver and which states the amount of surety bond that you require. Receiving this order is crucial because it provides our agency with practically all items which will be included on your surety bond;
  • A completion of a surety bond application. If the bond amount is greater than $250,000, the completed application is sent for underwriting. We can send you the application via DocuSign;
  • Upon approval of your application, payment of the first annual premium.

After the premium has been received, our agency issues your bond and a Power of Attorney form to you.

You will sign your surety bond as Principal and then you’ll file it, along with the POA, to the presiding court.

 

 

 

Annual Renewal of the Premium

 

 

 

The premium associated with your Alabama receiver surety bond renews annually on the anniversary of your surety bond's issuance for as long as the court requires surety.

Options also exist to prepay your bond’s premium for 2 or 3 years. Doing so saves you over annual renewals. However, premiums paid are earned in full, and there are no full or prorated refunds offered.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in Alabama and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you...

Request a Callback

  • MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

BE IN TOUCH

CONTACT US