Receiver Bond
What is a Receiver Bond?
A Receiver Bond is a type of Court & Fiduciary bond that ensures that a court-appointed receiver properly manages and protects the assets of an individual or business in legal proceedings, such as bankruptcy or foreclosure.
Protects the parties involved in legal proceedings from financial loss due to mismanagement or misuse of assets by the receiver.
Applicant’s personal information, credit history, bond amount (determined by the court), and case details.
Based on credit history and bond amount, usually 1-3% of the bond amount for applicants with good credit.
