Indiana Receiver Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond & Purpose
Appointment as an Indiana receiver for a company or entity that is in dissolution, insolvency, or bankruptcy is a serious fiduciary responsibility.
A condition of appointment, is that in compliance with a Court Order, you furnish a bond in the amount that the Court requires. Indiana Code § 28-1-3.1-5 states that the bond amount is what “…the director considers appropriate.”
The purpose of your receiver bond is to serve as a financial guarantee for the Court and all parties involved in the dissolution proceedings, that you will faithfully and disinterestedly perform your duties as required by law.
Qualifying and the Premium
Our agency offers you the Indiana receiver bond in any amount required of you; and up to a $100,000 surety bond requirement, we also do so without a credit check inquiry.
To issue your receiver bond, we’ll need all of the following:
- A copy of the Court Order mandating your surety bond requirement and appointing you receiver. This Order will also provide us with additional information needed for your bond (i.e. parties to the case, the case number, etc.);
- A completed and signed application. We’ll begin the application with you by phone if you’d like, but it will require your signature for completion.
While no credit check is required for receiver bonds up to $100,000, amounts of this threshold do require an underwriter review of your completed application.
Approval for amounts greater than $100,000 is contingent upon satisfactory and good credit; this is required.
Upon approval of your surety bond and payment of the premium, we’ll issue your receiver bond immediately.
Our agency signs as Surety; you will sign your bond as Principal, filing it along with a Power of Attorney form.
All completed documents will be taken and filed by you or legal counsel to the Clerk of the Court.
Annual Renewal of the Premium
The premium associated with your Indiana receiver bond is not a onetime payment, but renews annually for as long as the Court requires surety.
Options exist to prepay your premium for 2 or 3 years; doing so offers you a savings over annual renewals.
Please bear in mind, however, that premium paid are earned in full; we do not offer prorated or full refunds, even if the receiver case is resolved within a term of your surety bond.
AmeriPro Surety Bonds provides receiver bonds in all 50 states. We also provide license and permit, probate, and contractor surety bonds as required.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…