Guardian Bonds – Part Two • Pedersen & Sons


8 hours ago Throughout the course of a long term guardianship, the guardian may come into control of additional liquid assets. This could occur in a number of ways, but it often happens when the guardian sells real property or liquidates a large asset owned by the obligee. In such an event, the court often requires the guardian to file an additional bond


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What Is A Supersedeas Bond? • Pedersen & Sons


1 hours ago The surety and the defendant, under the terms of the bond, are liable for the additional amounts of interest and costs. In New York courts, post-judgment interest equals 9% per year, while in New Jersey the interest equals only 0.5%. Of course, the defendant only has to pay post-judgment interest in the event he loses again on appeal.

Estimated Reading Time: 3 mins


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Foreign Indemnity • Pedersen & Sons


2 hours ago Foreign indemnity can produce problems for surety companies based in the United States. A foreign citizen or business may need to obtain a surety bond in the United States during the regular course of business or litigation. However, only some sureties can take foreign indemnity – and those sureties that can take foreign indemnity usually only accept it from certain countries.

Estimated Reading Time: 2 mins


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