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appeal bond

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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--


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The Appeal Bond Waiver Act would reduce the appeal bond for multimillion- and billion-dollar verdicts against defendants to $1 million, or $100,000 if the defendant is a small business.
Most states set appeal bonds of 100 percent of the judgment, plus costs
1 billion to the plaintiffs last March, Judge Byron called for an appeal bond of $12 billion.
 
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