West Virginia Garnishment Bond |
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Amount and Purpose
A garnishment order allows a Plaintiff in a litigation proceeding, prejudgment, to seize the assets, wages, or property of the Defendant.
Unlike an attachment order which allows the seized assets to be held by the Plaintiff, with a garnishment order, the assets seized are held by a third party until a final disposition of the underlying case.
A condition for the West Virginia garnishment order to take place is that the Plaintiff party obtain a surety bond which is equal to at least the value of the property to be seized; or, as ordered by the court.
While required of you as Plaintiff, the surety bond serves as a financial guarantee for the Defendant, which protects this adverse party from harm in case the court subsequently determines that the garnishment order was wrongly issued.
Qualifying and the Premium
Our agency offers the West Virginia garnishment surety bond up to a $100,000 requirement, without a credit check inquiry.
Greater amounts are issued on approval of good and solid credit, after a further review by a surety bond underwriter.
For any garnishment bond amount that our agency accepts, we’ll need the following from you:
- A copy of the West Virginia court order stating that a garnishment surety bond is required. In lieu of a court order, a letter written on attorney letterhead which states all of the items which would be found on a West Virginia court order, is acceptable;
- A complete surety bond application. This is provided to you via Docusign;
- Review of the completed surety bond application. As noted above, an amount greater than $100,000 is subject to a credit review by a surety bond underwriter;
- Upon approval, payment of the premium.
Issuing Your Garnishment Bond
Our agency issues your garnishment surety bond and a Power of Attorney form upon payment of the premium. We will sign your bond as Surety; upon receipt by mail, you will sign your bond as Principal.
It will be your responsibility or that of your legal counsel to see that the bond is filed in a timely manner with the presiding West Virginia court.
We do not need a copy of your signed bond.
Annual Renewal of the Premium
Your garnishment bond is subject to annual renewal of the premiums for as long as the court requires surety. Premiums paid are earned in full and are not subject to refunds.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and non-construction contractor surety bonds in all 50 states.
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