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Filing bankruptcy how long should i wait to apply for surety bond to pay off bills that i could not file once bk is discharged?
While I'm not sure what it is your thinking, I'm really not sure your using the right terms for what your hoping to do. I can't imagine that any Co would issue a surety bond for these purposes, under most any circumstances, nor that any creditor would accept one (they don't have to). A surety bond to guarantee your timely performance of the contract...that is payment of bills....and then it's for ones you couldn't file for bankruptcy on...or ones you couldn't pay?
What else can I help you with?
What is without surety?
Surety is a form of guarantee and "without surety" would imply that there is no guarantee in the case of some event occurs. An example would be where a county probate office accepts a bond of a notary public for filing and there is no "corporate" surety or no individaul to guarantee losses caused by acts of the notary that are contrary to law.
What does expressly reserved rights against surety means in the context of debtor creditor surety relationship.?
It means, the person that has debt that may want to claim bankruptcy or another method, has rights to do so regardless of the situation. However, the surety also has right to collect the debt too.
How do I get a bond?
To get a surety bond, you typically need to contact a surety bond agency or a bond producer. They will collect information from you, such as your financial history and the type of bond you need, and assess the risk involved. Based on this assessment, they will provide you with a quote for the bond.
Does a consent of surety have to be sealed?
In most cases, yes. The consent of surety is related to a specific contract bond that was issued and sealed. The consent addresses the obligation of the surety as it is related to that contract and should be signed and sealed in the same manner.
What is a surety agent?
A surety agent is a licensed insurance agent that has experience and represents surety companies. The surety agent is able to solict and place surety bond requests.
How to become a surety agents?
You need to have an insurance license to transact surety. Then, you would need to establish experience in the field of surety either by working for a surety company or surety agency.
What are surety benefits?
If you are asking what are the benefits built into a surety bond then the answer is the surety bond guarantees a specific performance or amount up to the penalty amount of the bond. If you are asking what the benefits of surety are then surety provides the recipient of the surety bond a level of assurance that the person or business entity providing the bond is qualified to perform the required act. This is accomplished by the surety's investigation of the Principal and evidenced by their agreement to issue the surety bond that encumbers the surety to the amount of the bond's penalty.
where can i buy a surety bond?
where can i buy a surety bond
What are sureties?
If you are asking what are the benefits built into a surety bond then the answer is the surety bond guarantees a specific performance or amount up to the penalty amount of the bond. If you are asking what the benefits of surety are then surety provides the recipient of the surety bond a level of assurance that the person or business entity providing the bond is qualified to perform the required act. This is accomplished by the surety's investigation of the Principal and evidenced by their agreement to issue the surety bond that encumbers the surety to the amount of the bond's penalty.
Do surety bonds have a time limit?
Yes. The term is related to the what the surety bond is guaranteeing. Most surety bonds are annual.
What is professional surety?
The term professional surety can be applied to an individual who is licensed and experienced in providing surety bond support. It can also allude to the corporate sureties that underwrite and provide the actual surety bonds.
What is letter of surety?
Surety is providing a guarantee for another party. A letter of surety is a document the confirms the terms and conditions of said guarantee. Sometimes called a "Bondability Letter", it declares the name of the entity providing surety and under what conditions surety is proffered. The act of surety is normally demonstrated in the form of a surety bond. The most common bonds are performance, payment, bid, license, permit and financial guarantee.
