appeal bond

(redirected from Appeal Bonds)
Also found in: Financial.

Ask a Lawyer

Question

Country: United States of America
State: Texas

I lost at a summary judgment hearing and dependent was awarded monetary judgment. I need to appeal but understand that I must put up a bond to do so. I have spent all money I have to fight this wrongful foreclosure - no bond money...Eviction is in two days - HELP! Feel I can win appeal. Have owned home for many years - will bankruptcy stop eviction and set aside bond so I can file appeal?

Answer

Bankruptcy will delay it and that may help--but will not stop foreclosure completely; you can still file/sue after they foreclose if need be--
References in periodicals archive ?
Note that the bond provisions in the various policies do not mention the cost of premiums on appeal bonds required in any lawsuit defended by the insurer.
Once you understand the scope of your client's security needs, especially for workers' compensation self-insurance programs, large deductible or retrospectively rated programs, and court appeal bonds, you will be in a better position to coordinate and influence the buying decision.
In order to stay execution of the judgment pending appeal, the defendants have posted appeal bonds totaling $141 million in security to cover the original judgment plus 10%.
Most states set appeal bonds of 100 percent of the judgment, plus costs
Altria's subsidiaries continue to be subject to litigation, including risks associated with adverse jury and judicial determinations, courts reaching conclusions at variance with the companies' understanding of applicable law and bonding requirements in the limited number of jurisdictions that do not limit the dollar amount of appeal bonds.
Parties that have been found liable for damages by courts must post appeal bonds prior to appealing rulings against them.
The reason Illinois for decades has required appeal bonds is to ensure that defendants can pay when their appeals are exhausted.
14 /PRNewswire/ -- The Illinois General Assembly is poised to consider a bill that would severely limit the size of appeal bonds cigarette manufacturers must post when civil judgments are issued against them.
Altria's subsidiaries continue to be subject to litigation, including risks associated with adverse jury and judicial determinations, courts reaching conclusions at variance with the company's understanding of applicable law and bonding requirements in the limited number of jurisdictions that do not limit the dollar amount of appeal bonds.
The company's insurers have posted appeal bonds in an amount sufficient to make the payment to LILCO.
The posting of these two appeal bonds in 2006 will have a significant impact on the cash resources of the Company because the appeal bonds require cash be set aside for the full amount of the damage awards.
Financial analysts who follow the tobacco industry have estimated that tobacco companies are capable of posting appeal bonds in the tens of billions of dollars without risk of bankruptcy.