Wisconsin Garnishment Bond |
AmeriPro Surety Bonds | 844-589-9732
Garnishment Surety Bond; Purpose and Amount
A plaintiff’s garnishment order may, by order of the court, take place before a judgment is rendered in the underlying case.
A condition of the garnishment taking effect is that the plaintiff obtains a garnishment surety bond in the amount required by the court.
Like an attachment bond, the garnishment allows you to freeze the assets, wages, or accounts of the defendant. However, unlike an attachment order where the assets are held by the plaintiff, a garnishment order requires that the seized assets are sequestered by a third party.
The purpose of your garnishment bond is to serve as a financial guarantee for the defendant. Specifically, if the garnishment is later determined to have been wrongly issued, or if you lose your case, the adverse party may be compensated for the loss or harm caused by the wrongly issued garnishment order.
No specific amount of the garnishment bond is established by Wisconsin law; rather, the amount ordered is at the discretion of the presiding judge in your case.
Qualifying and the Premium
Our agency offers you the Wisconsin garnishment bond in the amount required by the presiding court. Up to a $100,000 surety bond requirement, we also do so without a credit check.
A garnishment surety bond greater than $100,000 will be reviewed by a surety bond underwriter. This review will include a credit check inquiry. For approval, good credit will be required.
For any garnishment bond, our agency will need the following from you.
- A copy of the Wisconsin court order stating that garnishment surety bond is required and the amount of the surety bond;
- A completed surety bond application from the Plaintiff. Our agency will typically provide this to you via Docusign. Docusign facilitates the electronic completing, signing, and returning of your application to our agency;
- Upon approval of your surety bond request, payment of the premium.
Our agency issues your garnishment surety bond to you for signing and filing with the Wisconsin court. Included with your surety bond will be a Power of Attorney form. You’ll include this form with your signed surety bond.
Annual Renewal of the Premium
Your Wisconsin garnishment bond has a premium which is subject to annual renewals for as long as the court requires surety.
Premiums paid are earned in full. Refunds, either in whole or in part, are not offered.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and non-construction contract surety bonds in Wisconsin and all 50 states.
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