License Permit Petitioning Creditors | Petitioning Creditors Surety Bond
Type of Bond
Petitioning creditor bond is a Surety bond, which is issued when a petition is filed to declare a bankruptcy or insolvency. In a petitioning creditor bond, an application is given to the receiver or the marshal to take charge of the property of the bankruptcy prior to the hearing. The petitioner is required to obtain a petitioning creditor bond to indemnify the alleged bankruptcy for the cost, expense, counsel fee and damages. This happens when the petitioner withdraws the petition. This bond indemnifies the bankruptcy for the additional expenses incurred.
Program
The price you'll pay for your Petitioning Creditors Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of Petitioning Creditors Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a Petitioning Creditors Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Petitioning Creditors Bond Application process.
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!