Kentucky Attachment Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Amount and Purpose
A plaintiff’s attachment bond, allows this party, prejudgment, to seize the disputed property or assets held by the adverse party; that is, the Defendant.
In order for an attachment order (sometimes referred to as a ‘writ of attachment’) to take effect, an attachment surety bond is required.
Kentucky statutes, Section 425.309, as amended, stipulates that the amount of the attachment surety bond required of you as Plaintiff (or, for legal counsel, your client) can be no less than twice the amount of the claim.
While required of you as Plaintiff, the attachment bond exists to serve as a financial guarantee for the Defendant to recompense this latter party for the harm caused in cases where the court subsequently determines that an attachment order should not have been issued.
Qualifying and the Premium
Our agency offers you the Kentucky attachment bond in the amount required by the court presiding over your case.
Up to a $100,000 surety bond requirement, we also do so without a credit check inquiry.
If your attachment bond requirement is for an amount greater than $100,000, then approval is subject to further review of your application by a surety bond underwriter. This review will include a credit inquiry.
To be approved by our agency for an amount about $100,000, good credit will be required.
But for any attachment bond in any amount, our agency will need the following from you:
- A copy of the Kentucky court order stating that an attachment surety bond is required. In lieu of the court order, a letter from legal counsel which contains the same information as would be found on a court order is sufficient;
- A completed application from you. The application is typically provided to you via Docusign. This will allow you to complete, sign, and return the application to our agency electronically;
- Review of your completed application;
- Upon approval of your application, payment of at least the first annual premium.
Issuing Your Attachment Bond
Your Kentucky writ of attachment bond and a Power of Attorney form are issued to you upon payment of the premium.
These documents are then mailed to you for both signing and filing by you or your retained legal counsel. The completed bond will have both our signature as Surety, and your signature as the surety bond’s Principal.
Our agency will not need a copy of the completed surety bond.
Annual Renewal of the Premium
The premium associated with your attachment bond is subject to annual renewals, on the anniversary of your bond’s issuance, for as long as the court requires surety.
Please call our agency today at:
Or, you may fill out the form below and a Surety Producer will contact you…