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Discharge Attachment bond: Attachment is the legal seizure of property. An attachment bond is required by many courts by the person seeking the attachment or by the defendant until the final resolution of the action. This bond is a guarantee of payment if a property has been attached wrongfully. A person who has had property attached wrongfully is issued a defendant’s attachment bond, and is for the purpose of covering judgments should they go against him or her. The bond is usually ordered to cover costs plus interest.

Now, a discharge of attachment bond may be obtain by the defendant to discharge the attachment by giving the bond which guarantees for the payment of any judgment that may be rendered against him/her in the action, with interest and costs.

 

******** In submitting the initial request for bonding, the following information should be included to insure a quicker response.

 

1) A complete court bond application - Will provide a basic overall of the bond being requested, as well as information on the principal requesting the bond.

2) Copy of the court documentation/complaint - This court documentation/complaint will provide information as to the case and let the surety determine the strength of the principal's chance of prevailing in the case.

3) Bond requirement document - Court issued document that states the type of bond that is needed and in what amount. This is among the most important document as it verifies to the surety that the bond requested is indeed required and validates the amount.

4) Business Financial Statements: If the principal requesting the bond is a corporation, provide the most recent year business financial statements (balance sheet and income statement). In addition to the business financial statement, a personal financial statement of all the owners of the corporation should be provided as well.

5) Personal Financial Statement: If the principal(s) is an individual, provide a personal financial statement for the principal(s).

6) Current Bank Statements: If the corporation or individual's financial statement has a high declaration of short term/liquid assets (cash, stock and securities), current statements to verify these assets should also be provided.