An appeal bond, also known as a supersedeas bond, may be required for defendants who want to appeal an adverse decision from the courts. These bonds are in place to limit unreasonable appeals. It enables the defendant to delay paying a judgment to the plaintiff until the end of the appeals process, if at all. It also ensures that the plaintiff will receive the full judgment plus interest and court fees if the appeal process upholds the initial decision.
Cost of an Appeal Bond
In most cases, appeal bonds are available for a percentage of the bond amount plus collateral. The total cost will depend on many factors, including your current financial strength and the court system in which you are appealing a decision. Collateral may be waived in rare cases. To get a quote for an appeal bond in Otero County, please contact us today.
Contact Gerald Madrid Bail Bonds for Appeal Bonds and More
At Gerald Madrid Bail Bonds, we provide bail bonds, surety bonds and appeal bonds (including federal appeal bonds) in Otero County and throughout the state of New Mexico. We also offer notary services, fugitive recovery services and free information regarding inmate and warrant searches, court dates and the bail bond process. Contact our bail bond company today to learn more about getting an appeal bond. Consultations are free and confidential.