An Attachment Bond, guarantees payment of costs and damages if a plaintiff is unsuccessful in their actions against a defendant. The Attachment Bond is a means for the plaintiff to place the defendant’s property into the custody of the court before trial as security for the plaintiff’s claim.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Attachment Court Bond holds you accountable for your decisions.
By possessing a Attachment Court Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your decisions.