One of the chief benefits of appealing a judgment is that the appeal may stay your judgment until the appeal is decided upon. But did you know that the initial judgment is subject to collection until you post an appeal or supersedeas bond?
Usually, creditors are free to attempt to collect on a judgment even if the party they are collecting from is attempting to appeal the lower court judgment. But the appeal or supersedeas bond prevents the creditor from enforcing the judgment during the pendency of the appeal.
The bond guarantees that the appellant will pay the amount of the judgment plus interest and costs should it lose the appeal. Without that bond, there is no guarantee, and the creditor is free to collect on that initial judgment. Learn more about judgements.
Where can you easily purchase an appeal or supersedeas bond?
Colonial Surety offers the direct and digital way to obtain an appeal or supersedeas bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print or e-file your bond from your office. It’s that simple!