Pennsylvania Precise For Termination of Supersedes is a legal document used to end a suspension of court proceedings. In Pennsylvania, this document is used by the plaintiff to terminate the supersedes bond, a bond posted by the defendant to guarantee payment of a judgment. The Precise is typically filed with the court clerk and a copy is then sent to the defendant or their attorney. There are two types of Pennsylvania Precise For Termination of Supersedes: Precise For Termination of Supersedes Bond and Precise For Termination of Supersedes Without Bond. The former is used when the defendant posted a bond to suspend the proceedings, while the latter is used when the defendant has not posted a bond.
Pennsylvania Praecipe For Termination of Supersedeas
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Pennsylvania
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PA-SKU-2327
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Praecipe For Termination of Supersedeas
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FAQ
A Supersedeas Bond is a surety bond purchased by the appellant (aka petitioner) in an appealed civil lawsuit. A supersedeas bond is usually required by the court if a losing party in a civil suit wants to appeal the judgment against them.
Supersedeas (also termed ?writ of supersedeas?) is Latin for ?you shall desist,? and it refers to a stay of the enforcement of a judgment pending appeal; a writ or bond that suspends a judgment creditor's power to levy execution.
Supersedeas (also termed ?writ of supersedeas?) is Latin for ?you shall desist,? and it refers to a stay of the enforcement of a judgment pending appeal; a writ or bond that suspends a judgment creditor's power to levy execution. Last updated in August of 2021 by the Wex Definitions Team
Supersedeas is a legal term used in Pennsylvania workers' compensation law that essentially means your employer is seeking permission to stop your wage loss payments immediately.
§ 702(c) (supersedeas) provides that, except as otherwise prescribed by general rule, a petition for permission to appeal under that section shall not stay the proceedings before the trial court or other government unit, unless the trial court or other government unit or the appellate court or a judge thereof shall so
Its primary purpose is to guarantee that if the judgment is affirmed, the surety insurer that issued the bond will pay the appellee if the appellant is unable to. To put it simply, a supersedeas or appeal bond ensures the judgment debtor will satisfy the judgment if the judgment is upheld.
Supersedeas Bond Example For example, if Joe and Barbara are in a trial and the court finds Barbara in favor and rules Joe to pay Barabara $50,000, Joe could file an appeal to a higher court. If he wants to do this, he would need to get a Supersedeas Bond.
Order for Possession If you disagree with the decision and want to stay in the home, you will need to file an Appeal to the Court of Common Pleas within 10 days of the judgment date and post a bond. See Appeal Process.