Georgia Garnishment Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Amount and Purpose
A Georgia garnishment order allows you, as plaintiff, in a civil litigation proceeding to seize the assets, accounts, or wages of a defendant, prejudgment; that is, before a final decision is given in your underlying case.
Unlike an attachment order which allows you, the plaintiff, to take possession of the seized property, the garnishment order allows the seizure of the property, but that property is in turn held by a third party.
And while the garnishment bond is required of you as Plaintiff, the benefit — potentially — is for the Defendant in case the court subsequently determines in light of new evidence that no garnishment order should have been issued.
In such a determination, the surety bond serves as a financial guarantee for the Defendant that they can be recompensed for the harm and loss caused by a (subsequently discovered and determined) wrongly issued garnishment order.
Qualifying and the Premium
To facilitate more easily the fulfilling of the court’s surety bond requirement, our agency offers you the Georgia garnishment bond up to a $100,000 surety bond amount without a credit check inquiry.
For an amount greater than $100,000, in addition to what is listed below, your surety bond application is also carefully reviewed by a surety bond underwriter. As part of the review and underwriting procedures, a credit check will be required. To be approved, good credit is necessary.
For these higher amounts, you may also be asked to provide supporting documentation or information as a condition of approval.
But for any GA garnishment bond, our agency will need you to provide us with the following:
- A copy of the court order stating that a garnishment surety bond is required. In lieu of the same, a letter from legal counsel on legal letterhead which states the amount of garnishment surety bond required will be acceptable;
- A completed surety bond application. We typically provide the application to you via Docusign. This will allow you to complete, sign, and return the application to our agency electronically;
- Review of your completed garnishment bond application according to, in large measure, the amount required as discussed above;
- Upon approval of your application, payment of the first annual premium.
Issuing Your Garnishment Bond; Filing with the Georgia Court
Your garnishment bond and a Power of Attorney form are issued to and mailed to you immediately upon payment of the premium.
We will have signed your bond as Surety; upon receipt, you’ll sign your bond as Principal. It will then be your responsibility to see to it that your bond is filed with the Georgia court in a timely manner.
Annual Renewal of the Premium
The premium for your garnishment bond is subject to annual renewals on the anniversary of your bond’s issuance for as long as the court requires surety.
Premiums paid are earned in full and are nonrefundable, both in whole or in part.
About Our Agency
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, probate, and other surety bonds in Georgia and all 50 states.
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