Delaware Garnishment Bond |
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Purpose and Amount
A plaintiff’s garnishment in Delaware is also referred to as an ‘attachment fieri facias’. The garnishment order permits a plaintiff, prejudgment, to seize the accounts, assets, or property of a defendant before a final decision is given in the underlying civil case.
The difference between an attachment and garnishment surety bond is that with an attachment the plaintiff does not take possession of the property seized; instead, it is held by a third party.
While required of the plaintiff pursuant to Delaware Rule 3, Commencement of Action, as amended, the garnishment surety bond is a guarantee for the defendant that if the court subsequently determines that the garnishment was wrongly ordered, the defendant will be compensated for the loss and harm caused due to a wrongly ordered garnishment.
The court will determine the garnishment bond amount required of you.
Qualifying and the Premium
Our agency offers you the Delaware garnishment bond up to a $100,000 surety bond requirement without a prior credit check inquiry.
A garnishment bond greater than $100,000, besides an application, is subject to review by a surety bond underwriter. To be approved, good credit will also be required. You may also be requested to provide supporting documentation or information as a condition of approval.
But for any garnishment bond requirement, our agency will need the following from you:
- A copy of the Delaware court order stating that a garnishment bond is required and the amount required;
- A completed surety bond application. Our agency typically provides these applications via Docusign. This will allow you to complete, sign, and return the application to our agency electronically;
- Review of your completed application, based in part, on the amount required of you;
- Upon approval of your garnishment bond, payment of the first annual premium.
Issuing Your Garnishment Bond
Our agency issues your garnishment bond to you immediately upon payment of the approval. Included with your surety bond will be a Power of Attorney form.
These items are then mailed to you. You will need to sign your bond as Principal, before filing it and the POA form to the presiding Delaware court. Our agency will not need a copy of the signed bond.
Annual Renewal of the Premium
The premium associated with your Delaware garnishment bond is subject to annual renewals for as long as the court requires surety. Premiums paid are earned in full; refunds, either in whole or in part, are not offered.
AmeriPro Surety Bonds is a surety bonds-only agency which provides contract surety, license and permit, court surety bonds, and other bonds in all 50 states.
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