The Commonwealth of Virginia garnishment bond is offered to you up to a $100,000 surety bond requirement, without a credit check. Amounts greater than $100,000 are approved upon determination of good credit and other criteria. Please call AmeriPro Surety Bonds:
844-589-9732
As plaintiff in a Virginia civil litigation proceeding, the court may allow you to seize the assets, wages, or accounts of the adverse party, prejudgment, on condition that you obtain a surety bond in the amount ordered by the court.
The garnishment surety bond allows you to seize the disputed assets, but unlike an attachment bond, the items seized are held by a third party, not you directly.
While the garnishment bond is required of you as plaintiff, its benefit is for the defendant in case the court subsequently determines that the garnishment order was wrongly issued.
In such a determination, the defendant would be guaranteed compensation for the loss and harm caused by a wrongly issued garnishment order.
According to current commonwealth statutes, the amount of the bond must be twice the value of the items to be garnished.
The Virginia garnishment bond is offered by our agency to you up to a $100,000 requirement without a credit check inquiry.
A garnishment bond with a requirement greater than $100,000 is subject to further review of your application by a surety bond underwriter. This review will include a credit check, and “good credit” will be required for approval.
Additionally, you may also be asked to provide supporting documentation or information as a condition of your approval.
For any garnishment surety bond, our agency will need the following from you:
Our agency issues your garnishment bond and a Power of Attorney form upon payment of the premium.
These items are then mailed to you. As plaintiff, it’s your responsibility to sign your bond as Principal. After signing your bond, you will file it with the presiding Commonwealth court.
The premium for your Virginia garnishment surety bond is subject to annual renewals. The premium will renew on the anniversary of your bond’s issuance for as long as the court requires surety.
Premiums paid are earned in full and are completely non-refundable.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide contract surety, license and permit, court, probate, and other surety bonds in Virginia and all 50 states.
Please call our agency today at:
844-589-9732
Or, you may fill out the form below and a Surety Agent will contact you...
