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Bond #228 • Failed Plans • New Receivership

Receiver/Trustee Bonds for Failed Plans

When reorganization plans fail and courts appoint new receivers or trustees, specialized bonds are required. Covers situations where original plans are not adopted and new fiduciary appointments are necessary.

0.5%
Starting Rate
24hr
Approval
$50K+
Typical Amount
Failed
Plans
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When Receiver/Trustee Bonds Are Required

Understanding failed reorganization scenarios requiring new bond coverage

Failed Reorganizations

When original reorganization plans fail and courts must appoint new receivers to manage remaining assets

New Receivership

Fresh appointments when previous trustees cannot complete their duties or reorganization efforts fail

Plan Rejection

Situations where creditors or courts reject proposed reorganization plans requiring new trustee bonds

How to Get Your Receiver/Trustee Bond

Fast approval for urgent appointments

1

Apply Online

Submit application with court appointment details and asset information

2

Get Quote

Receive competitive rates from A-rated sureties within hours

3

Get Approved

Most bonds approved within 24-72 hours for urgent court appointments

4

File Bond

Receive your bond and file it with the court to assume receivership duties

Receiver/Trustee Responsibilities

Understanding duties when taking over failed reorganization cases

Primary Duties

  • Assume control of remaining assets
  • Evaluate asset liquidation options
  • Maximize creditor recoveries
  • Provide regular court reporting

Common Challenges

  • Depleted or distressed assets
  • Competing creditor claims
  • Complex liquidation requirements
  • Tight court timelines

Frequently Asked Questions

Common questions about receiver/trustee bonds

What is a receiver trustee fiduciary bond?
A receiver trustee fiduciary bond ensures that appointed individuals or entities fulfill their legal obligations and duties. It protects beneficiaries and interested parties from mismanagement or misconduct.
How much does a receiver trustee bond cost?
Costs typically range from 0.5-2% of the bond amount annually for qualified applicants. Rates depend on the bond amount, applicant credit, experience, and financial strength.
Who needs a receiver trustee bond?
Courts typically require these bonds for receiver trustee serving in fiduciary capacities to protect estate assets and ensure proper administration according to law.
How long does it take to get approved?
Approval times vary. Smaller bonds under $100,000 with good credit can be approved within 1-3 business days. Larger bonds requiring more documentation may take 5-10 business days.
Can I get a bond with challenged credit?
Yes, bonds are available for applicants with various credit profiles. Higher rates or additional collateral may be required for poor credit situations.
When do reorganization plans fail?
Reorganization plans may fail when creditors reject the proposed terms, when debtors cannot meet plan requirements, or when courts determine the plan is not feasible. In these cases, courts often appoint new receivers or trustees requiring fresh bond coverage.

Related Fiduciary Bonds

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Bank Fiduciary
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Chapter 7/11/13
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Personal fiduciaries
Master Fiduciary
Master agreements

Official Fiduciary Bond Resources

U.S. Department of Treasury - Surety Bond Program

Official list of Treasury-certified surety companies authorized to write federal bonds

U.S. Courts - Court Bond Information

Official federal court resources for fiduciary bond requirements

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New Receiver/Trustee Appointment?

Get specialized bonds for failed reorganization proceedings. Fast approval for urgent court appointments.

Get Receiver/Trustee Bond QuoteChat with Expert
0.5%
Starting Rate
24hr
Approval
$50K+
Typical Amount
All
Courts