A writ of sequestration will allow the plaintiff to, prejudgment, take possession of defined property of the defendant. A condition for the order is that you obtain a surety bond in an amount required by the court. Up to a $100,000 requirement, our agency offers this bond without a credit check. Please call us today at:
844-589-9732
A New Jersey sequestration order allows you, as Plaintiff, to seize the defined, disputed property of the Defendant, before a final judgment is given in your underlying case; that is, prejudgment.
As a condition of obtaining a writ of sequestration, the New Jersey court will order you to obtain a surety bond in an amount that they deem sufficient. This is according to New Jersey, Rule 4-60 Attachment and Sequestration.
While required of you, the sequestration bond is for the benefit of the defendant in case the court subsequently determines that the writ of sequestration should not have been issued.
In such a determination, if it were to occur, the harm to the defendant caused by a wrongful writ of sequestration can be recompensed by the financial guarantee afforded by the existence of a sequestration surety bond.
Our agency offers you the New Jersey writ of sequestration bond up to a $100,000 surety bond requirement, without a qualifying credit check inquiry.
If your bond for sequestration is greater than $100,000, a few additional items will apply. First, there is an underwriter review which includes a credit check; and to be approved, good credit is required.
Secondly, for a sequestration surety bond request greater than $100,000, the underwriters may ask you to provide additional information or documentation as a condition of approval.
But for any sequestration bond in New Jersey, our agency will need the following from you:
Our agency issues your sequestration surety bond and a Power of Attorney form upon payment of the first annual premium.
These items are then mailed to you for the signing of your surety bond. After signing your bond, you will need to file your surety bond and the POA form with the New Jersey court.
The premium for your New Jersey sequestration bond is subject to annual renewals for as long as the court requires surety.
Premiums paid are earned in full; no refunds at all are offered, in whole or in part.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide contract surety, court, probate, and other surety bonds in New Jersey and all 50 states.
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