Louisiana Attachment Bond

State:
Louisiana
Control #:
LA-SKU-0357
Format:
PDF
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Description

Attachment Bond A Louisiana Attachment Bond is a form of surety bond required in the state of Louisiana in order to secure a party’s right to a particular piece of property. The bond guarantees payment of any court-awarded damages if a party fails to comply with the order of the court. There are two main types of Louisiana Attachment Bond: a prejudgment attachment bond and a post-judgment attachment bond. A prejudgment attachment bond is needed when a plaintiff requests a court order to freeze a defendant’s assets before a judgment is rendered. A post-judgment attachment bond is needed when a defendant fails to satisfy a court’s judgment and the plaintiff seeks to attach the defendant’s assets to collect the damages. The Louisiana Attachment Bond must be written by a surety company licensed to conduct business in Louisiana and must be in the amount of the full value of the assets that are to be attached.

A Louisiana Attachment Bond is a form of surety bond required in the state of Louisiana in order to secure a party’s right to a particular piece of property. The bond guarantees payment of any court-awarded damages if a party fails to comply with the order of the court. There are two main types of Louisiana Attachment Bond: a prejudgment attachment bond and a post-judgment attachment bond. A prejudgment attachment bond is needed when a plaintiff requests a court order to freeze a defendant’s assets before a judgment is rendered. A post-judgment attachment bond is needed when a defendant fails to satisfy a court’s judgment and the plaintiff seeks to attach the defendant’s assets to collect the damages. The Louisiana Attachment Bond must be written by a surety company licensed to conduct business in Louisiana and must be in the amount of the full value of the assets that are to be attached.

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Louisiana Attachment Bond