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 delay or stay the enforcement of a money judgment during the appeals process.

Q: What is a money judgment?A: A money judgment is a court order that requires one party to pay a sum of money to another party as compensation for a legal obligation or wrongdoing.

Q: Why would someone need a supersedeas bond on a money judgment?A: Someone may need a supersedeas bond on a money judgment in order to suspend the enforcement of the judgment while they appeal the decision.

Q: How does a supersedeas bond work?A: A supersedeas bond works by providing a guarantee to the court that the judgment debtor will pay the money judgment if the appeal is unsuccessful. It allows the debtor to delay or stay the enforcement of the judgment during the appeal.

Q: Who typically provides a supersedeas bond?A: Typically, an insurance company or a surety bond provider will issue a supersedeas bond on behalf of the judgment debtor.

Q: Are there any requirements or conditions for obtaining a supersedeas bond?A: Yes, there may be requirements or conditions for obtaining a supersedeas bond, such as providing collateral or meeting certain financial criteria set by the bond issuer.

Q: Is a supersedeas bond required in every appeal of a money judgment?A: No, a supersedeas bond is not required in every appeal of a money judgment. It depends on the laws and rules of the jurisdiction in which the case is being appealed.

Q: What happens if the judgment debtor fails to pay the money judgment after the appeal?A: If the judgment debtor fails to pay the money judgment after the appeal, the court may enforce the judgment and take actions such as garnishing wages or seizing assets to satisfy the judgment.

Q: Can the judgment creditor request a supersedeas bond to be posted?A: Yes, the judgment creditor can request a supersedeas bond to be posted if they believe that there is a risk that the judgment debtor may not pay the money judgment if the appeal is unsuccessful.

Q: Can a supersedeas bond be used for non-monetary judgments?A: No, a supersedeas bond is typically specific to money judgments and may not apply to non-monetary judgments.