Supersedeas Bond on Money Judgment - Kansas

Supersedeas Bond on Money Judgment is a legal document that was released by the Kansas District Courts - a government authority operating within Kansas.

FAQ

Q: What is a supersedeas bond?
A: A supersedeas bond is a type of bond that allows a judgment debtor to temporarily pause the enforcement of a money judgment.

Q: When is a supersedeas bond required in Kansas?
A: A supersedeas bond is typically required when a judgment debtor wants to appeal a money judgment and wishes to stay the execution of the judgment during the appeal process.

Q: What is the purpose of a supersedeas bond?
A: The purpose of a supersedeas bond is to provide financial security to the judgment creditor in case the judgment debtor is unable to pay the judgment if the appeal is unsuccessful.

Q: How does a supersedeas bond work?
A: When a supersedeas bond is posted, the judgment debtor and their surety (usually an insurance company) agree to pay the judgment creditor the full amount of the judgment if the appeal is ultimately unsuccessful.

Q: How much does a supersedeas bond need to be in Kansas?
A: The amount of a supersedeas bond in Kansas is typically the full amount of the judgment, plus interest and costs, unless the court orders a different amount.

Q: Can a judgment debtor use other forms of security instead of a supersedeas bond?
A: Yes, in Kansas, the court may allow other forms of security, such as a cash deposit or a letter of credit, instead of a supersedeas bond.

Q: Are there any exceptions to the requirement of a supersedeas bond in Kansas?
A: Yes, in certain circumstances, such as when the judgment debtor is a governmental entity or when the court determines that the bond requirement would cause undue hardship, the court may waive the requirement of a supersedeas bond.

Q: What happens if a judgment debtor fails to post a supersedeas bond when required?
A: If a judgment debtor fails to post a supersedeas bond when required, the judgment creditor may seek immediate enforcement of the money judgment, including garnishment of wages or seizure of assets.