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Bankruptcy Court Bonds
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Bankruptcy court bonds are filed in the United States District
Courts under Bankruptcy Laws. Receivers or trustees appointed by the
court are required to file for a bankruptcy bond in order to take
temporary or permanent charge of a debtor’s property or to operate,
reorganize and rehabilitate a debtor’s business so that it can continue
as a going concern.
This table shows maximum rates for uncollateralized bonds. Rates may vary based upon financial review.
| Type of Bond |
Rates
Per $1000 |
Minimum Annual Premium |
Required Underwriting
Information |
| All Bonds |
Bonds Exceeding $100,000 |
Agents, Appraisers,
Creditors’ Committees |
$10 |
$100 |
A,B |
C,D |
Disbursing Agents, Distributors, Receivers, Ancillary Receivers
or Trustees appointed solely to marshal the assets, liquidate and distribute to creditors |
$3 |
$100 |
A,B |
C,D |
| Trustees - Chapter 12 Bankruptcy |
$6 |
$100 |
A,B |
C,D |
| Trustees - Chapter 13 Bankruptcy |
$6 |
$100 |
A,B |
C,D |
Underwriting Key
A. Complete Short Form Application
B. Copy of Court Order Requiring the Bond
C. Corporate Financial Statement
D. Personal Financial Statement
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