Attachment and
Release of Attachment Bond

Attachment bonds are required when one party is suing another party, and asking to gain possession of property to offset what is claimed to be owed.  They request the court for the right to attach legal right to the other’s party, pending resolution of the dispute in court.  The bond guarantees that if the attachment is granted and the court finds later that the other party was injured due to the attachment, the attaching party will return the property and/or pay financial damages.

Release of Attachment bonds are posted by the other party to regain possession of their property.  If they lose their case with the attaching party, the bond guarantees the Defendant will pay any judgment and costs awarded against it.

Underwriting Requirements: