Platinum Bonds Insurance Agency
Research before you apply.An Illinois Appeal/Supersedeas Bond guarantees that if you lose your appeal, you will pay the judgment amount plus interest and costs to the winning party. This bond allows you to "pause" collection on a judgment while you challenge it in appellate court. The bond amount is typically the full judgment amount plus anti…
An Illinois Appeal/Supersedeas Bond guarantees that if you lose your appeal, you will pay the judgment amount plus interest and costs to the winning party. This bond allows you to "pause" collection on a judgment while you challenge it in appellate court. The bond amount is typically the full judgment amount plus anti…
Defendants or appellants who want to appeal a civil money judgment and prevent the winning party from collecting or executing on the judgment while the appeal is pending. This includes individuals, businesses, or organizations who lost a lawsuit and believe there are grounds for appeal.
Appeal bonds (supersedeas bonds) are required to stay execution of a judgment while an appeal is pending. Pricing Information:. Court bonds are reviewed case-by-case and must be approved before pricing can be provided. • Bond amount: Typically 100–150% of the judgment amount. • What affects pricing: Case amount, type of appeal, credit and financial strength. • Collateral: Often required (ILOC or cash collateral). • Expedited service: Available for time-sensitive appeals</…
Court application — expedited service available
The bond amount for an Illinois Appeal/Supersedeas Bond is typically the full judgment amount plus anticipated interest during the appeal and court costs. For example, if the judgment is $100,000, the bond might be $110,000-$115,000 depending on expected interest. The premium you pay to the surety company is usually 1-5% of the bond amount annually, depending on your credit, financials, and the case specifics. In special tobacco litigation cases under 735 ILCS 5/2-1306, the bond is capped at $250 million total if 30% is posted in cash equivalents.
Any defendant or appellant who loses a civil lawsuit resulting in a money judgment and wants to appeal the decision while preventing the winning party from collecting needs this bond. This includes individuals, businesses, or organizations appealing judgments for breach of contract, personal injury awards, business disputes, or other civil matters. The bond is required to "stay" (pause) execution of the judgment during the appeal process, protecting your assets from seizure, liens, or garnishment while the appellate court reviews your case.
If you lose your appeal, you must pay the full judgment amount plus interest and costs to the winning party (appellee). If you fail to pay, the appellee can file a claim against your supersedeas bond. The surety company will investigate and pay the valid claim up to the bond amount. You are then legally obligated to reimburse the surety for the full amount paid, plus any fees, interest, and legal costs, as outlined in your indemnity agreement. This is why court bonds require thorough underwriting and often collateral.
Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.