Illinois receiver bonds.
Court-set penalty, underwritten fast.
A court-appointed receiver, master, or referee takes control of property or a business under the court’s authority.
Under 735 ILCS 5/2-415, the appointing court sets the penalty and approves the security.
These bonds are underwritten, not flat-rated.
Send us the order and a surety specialist returns a quote — usually within one business day.
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Built so you can take possession.
The receivership can’t proceed until the bond the court ordered is filed and approved. Here is the whole process:
Send us the order
Apply online with the appointment order setting the penalty and the scope of the receivership. We size from the figure and assets the court identified.
A specialist underwrites it
A surety specialist reviews the receivership, the receiver’s background, and indemnity. Larger estates may call for financials or collateral — we raise that up front.
Execute & file for approval
We issue the executed bond so it can be filed and approved by the appointing court, letting the receiver take possession and act.
What it is and who needs it.
What a receiver bond covers
When a court appoints a receiver — or a master or referee — to take charge of property, a business, or disputed assets, that person holds significant control over value that belongs to others.
A receiver bond guarantees the receiver will faithfully perform the duties of the office and account for the property under their control. If the receiver mismanages or misappropriates the assets, the affected parties can recover against the bond.
Because the exposure is the receivership estate, the appointing court fixes the penalty and approves the security, and these bonds are underwritten rather than flat-rated. Larger receiverships may require financials or collateral. We size and quote once we see the order.
You need this bond if you’re
The application takes about ten minutes.
Tell us about the receivership and attach the appointment order. A surety specialist underwrites it and returns a quote — usually within one business day. Free until your bond is issued.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
What is an Illinois receiver bond? +
Who sets the bond amount? +
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Can a receiver be appointed without a bond? +
Will I need financials or collateral? +
Other New York bonds.
Appointed as a receiver?
Send us the appointment order and a surety specialist underwrites and quotes your receiver bond — usually within one business day. Free until your bond is issued.