When you wish to appeal a civil judgment in New Jersey, in order to stay enforcement of that judgment, you have to post an appeal bond. But in order to post an appeal bond, your bond has to cover the entire judgment amount. That can serve as a barrier to ultimately having the proper outcome arrived at in court.
For particularly large judgments, it just may not be feasible to obtain an appeal bond large enough to cover what’s needed to secure your right to appeal. Financing those large appeal bonds can be tough, but it’s often with enough potential reward in getting the judgments reviewed on appeal. But the question becomes how do you get to that appeal? For many small businesses, that financing can be too arduous.
This system without caps on appeal bonds is arguably not in favor of getting the right outcome. The counterargument would be that it prevents frivolous appeals and prevents our already crowded courts from becoming even more slowed down.
Either way, in order to secure your right to appeal and stay that lower court’s judgment, you will need to obtain an appeal or supersedeas bond.
Where can you easily purchase an appeal or supersedeas bond?
Colonial Surety offers the direct and digital way to obtain an appeal or supersedeas bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print or e-file your bond from your office. It’s that simple!