What are Referees and What Do They Do?
Oftentimes there can be disputes between co-owners of land or buildings that can’t be resolved by negotiation or mediation. Their ownership interest in property can then be partitioned in a partition action. But who handles…
Read Moreabout What are Referees and What Do They Do?
Receivers vs. Trustees in Bankruptcy
Both receivers and trustees are involved in bankruptcy, but only certain types. Receivership is both a feature of Chapter 11 bankruptcy, which is used for reorganization of a business entity under the United States bankruptcy…
Read Moreabout Receivers vs. Trustees in Bankruptcy
What Happens if My Parents Die Without a Will?
It’s not uncommon for a family member to pass away without a will. Whether it’s because they don’t want to confront the end of their life approaching or simply don’t think they have enough assets…
Read Moreabout What Happens if My Parents Die Without a Will?
What is a Trustee?
Trustees can do a number of different things, but an easy way to describe what they do would be that they are fiduciaries who oversee the day to day management of assets placed in a…
Read Moreabout What is a Trustee?
Take Appeal & Supersedeas Bonds Into Account At Start of Cases
When attorneys start thinking about a pending legal case, they’re usually thinking about the evidence they have on their side, legal precedent, or the credibility of their witnesses. It’s pretty safe to say they’re not…
Read Moreabout Take Appeal & Supersedeas Bonds Into Account At Start of Cases
Why do Contract Surety Bonds Matter in Construction?
Construction is an expensive and risky business where there is the danger of contractors not being able to undertake the projects at the amounts they bid. There’s a second area of concern too, as payment…
Read Moreabout Why do Contract Surety Bonds Matter in Construction?
Surety Industry to Nearly Double in Next Decade Due to Contract Surety
The global surety market is expected to grow to over $28 billion by the year 2027, up from $15.33 billion in 2018. The growth of nearly 100% is expected due to the imminent replacement of…
Read Moreabout Surety Industry to Nearly Double in Next Decade Due to Contract Surety
Federal Contracts Without Bonding Requirements May Still Require Bonds
Federal construction contracts over $150,000 requiring payment and performance bonds should not be a surprise to federal construction contractors. But what happens when a federal contract over $150,000 is ambiguous as to whether it’s specifically…
Read Moreabout Federal Contracts Without Bonding Requirements May Still Require Bonds
What is a License & Permit Surety Bond?
License and permit surety bonds are a specific type of surety bond required by federal, state, and local government agencies to ensure that a business stays in compliance with all applicable laws and regulations. Sometimes called…
Read Moreabout What is a License & Permit Surety Bond?