Freeze the assets now — answer for it if the freeze was wrong.
Security behind a pre-judgment asset freeze
Attachment lets a plaintiff seize or freeze a defendant’s property before judgment — often to keep assets from being hidden — to secure a potential recovery. The bond protects the defendant against a wrongful attachment.
What an attachment bond guarantees
Posted by the plaintiff, the bond guarantees payment of damages and costs to the defendant if the attachment is found wrongful — that is, if the plaintiff loses or wasn’t entitled to attach. It is commonly used where there is a risk the defendant will dissipate or conceal assets, or is a non-resident. A defendant may post a “release of attachment” bond to free the seized property.
How the amount is set
It varies: some states fix the amount by statute, others let the court set it based on the value of the property attached and the potential harm. Wrongful-attachment liability is generally bounded by the bond amount. Premium runs at typical court-bond rates.
Frequently Asked Questions
What does an attachment bond do?
It lets a plaintiff freeze or seize a defendant’s assets before judgment to secure a possible recovery, while protecting the defendant with damages if the attachment is later found wrongful.
How is the amount determined?
It varies by state — some fix the amount by statute, others leave it to the court based on the value of the property attached and the potential harm to the defendant.
How do I get a attachment bond through Cory Washington & Co.?
Request a quote or contact our team. We confirm your exact requirement, market your bond across multiple surety companies that compete for it, and handle the filing. Cory Washington & Co. LLC is licensed in all 50 states.
All surety bond descriptions on this website are provided by Cory Washington & Co. LLC strictly for general informational purposes. They are not intended to be, and should not be relied upon as, legal, financial, or bonding advice. Surety bonds are not insurance. Bond requirements — including amounts, obligees, and bond forms — are set by government authorities and other obligees and change over time; the information presented is general in nature and does not guarantee the availability, terms, conditions, or amount of any bond. Actual bond terms are governed by the bond form issued by the surety and the requirements of the obligee, and any bond remains subject to underwriting approval. Nothing on this website creates or implies an agent-client relationship, binds a surety, or issues a bond. Cory Washington & Co. LLC expressly disclaims any liability for actions taken, or not taken, based on the content provided here. For advice regarding your particular situation, please confirm current requirements with the relevant authority and consult directly with a licensed professional at Cory Washington & Co. LLC.