Pennsylvania Garnishment Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Purpose and Amount
A Pennsylvania garnishment bond allows a plaintiff in a civil litigation proceeding to seize the assets, wages, or accounts of a defendant, by order of the court.
With a garnishment surety bond, the seized assets will not be held by you as plaintiff; instead, the assets will be held by a third party.
The surety bond is required to protect the defendant in case the court subsequently determines 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 financially recompensed for the harm caused by a wrongful garnishment order.
According to Pennsylvania law, the garnishment bond order should be twice the value of the property of the property to be seized.
Qualifying and Approval
Our agency offers you the Pennsylvania garnishment bond up to a $100,000 surety bond requirement without a credit check inquiry.
A garnishment order greater than $100,000 is subject to careful review of your application by a surety bond underwriter. This review includes a credit check. To be approved, good credit is required. You may also be asked to provide supporting documents or information.
But for any garnishment bond, our agency will need the following from you:
- A copy of the Pennsylvania court order stating that a garnishment surety bond is required;
- A completed surety bond application by you. We typically send the application to you via Docusign. This will allow you to complete, sign, and return the application to our agency electronically;
- Upon review and approval of your application, payment of the premium.
Issuing Your Garnishment Bond
Our agency issues your garnishment bond to you immediately upon payment of the premium. Included with your surety bond will be a Power of Attorney form.
These items are mailed to you for signing your bond as Principal, and then filing your bond with the Pennsylvania court.
Our agency will not need a copy of your signed bond.
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 civil court requires surety.
Premiums paid are earned in full and are nonrefundable.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, and contract surety bonds in Pennsylvania and all 50 states.
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