Court
Bonds

Court Bonds include:

JUDICIAL COURT BONDS

Filed by litigants in court actions to permit them to pursue remedies at law.

  • Separated into two groups: Plaintiffs and Defendants
  • Defendant bonds are generally written with collateral
  • Court bonds cannot be cancelled

FIDUCIARY COURT BONDS

Required of a person appointed by court to handle the affairs of those who are unable to manage their own affairs.

  • Administrator/executor handles assets/debts of a deceased estate
  • Guardian or conservator handles the affairs of a minor or incompetent adult
  • The receiver or trustee is appointed by court for those in financial difficulties or legally bankrupt