| 释义 |
appeal bond
Ask a LawyerQuestionCountry: United States of America
State: TexasI lost at a summary judgment hearing and dependent was awarded monetary judgment. I need to appeal but understand that I must put up a bond to do so. I have spent all money I have to fight this wrongful foreclosure - no bond money...Eviction is in two days - HELP! Feel I can win appeal. Have owned home for many years - will bankruptcy stop eviction and set aside bond so I can file appeal?AnswerBankruptcy will delay it and that may help--but will not stop foreclosure completely; you can still file/sue after they foreclose if need be--Appeal Bond
Appeal BondIn an appeal, a bond that guarantees payment of the original judgment. For example, if Joe sues Bob for $1 million and Joe wins, Bob may appeal to a higher court to reverse the ruling. However, the higher court may require Bob to post an appeal bond of $1 million plus the cost of the appeal just in case he loses the appeal as well. This assures Joe will be paid (assuming he also wins the appeal) and discourages frivolous appeals. |