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Discharge effect on Surety Bond

Posted: Fri Sep 14, 2018 3:13 pm
by Yahoo Bot

I don't think the surety is the same as insurance... so double check.
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To: cdcbaa
Sent: Fri, Sep 14, 2018 2:27 pm
Subject: RE: [cdcbaa] Discharge effect on Surety Bond
No. I dont have authority and I think it may be so well settled that youd have to go back a long ways to find authority.
A bond is just insurance. It would be the same as an auto casualty company not having to pay out because its insured filed a Chapter 7.
Steve Lever

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Discharge effect on Surety Bond

Posted: Thu Sep 13, 2018 2:41 pm
by Yahoo Bot

Debtor is a contractor.   Where a debtor has a performance bond
(Surety) for work he did prior to filing a Chapter 7 case, and he
receives a discharge, are creditors for which the bond was taken out
prohibited from seeking collection against the bond company post
discharge?   I don't think so, but I can't find any specific
authority for it.
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