A court-appointed receiver takes control of property the court is protecting.
The undertaking guarantees you’ll discharge your duties faithfully.
The court fixes the amount to the value in receivership — and we underwrite it.
A surety specialist reviews your file and returns a quote, usually within one business day.
















A temporary receiver can’t enter on the duties of the office until the undertaking is given, so the bond is usually the gating step after appointment. Here is the whole process:
Apply online with the order of appointment, the assets in receivership and their value, and the receiver’s details. The value the receiver will hold drives the penal sum.
A specialist reviews the order, the receiver’s credit and finances, and any collateral, then returns a quote. The amount is fixed by the court — underwriting decides approval and collateral.
Once you bind, we issue the executed undertaking on the form the court requires with the power of attorney attached, ready to file so the receiver can take control of the assets.
A New York court appoints a receiver (or referee or master) to take custody of disputed or distressed property — a business, real estate, or assets — and manage it neutrally while a case proceeds.
The receiver undertaking guarantees the receiver faithfully discharges the duties of the office: collecting, preserving, accounting for, and distributing the property as directed. If the receiver mismanages or misappropriates, the bond makes the estate whole, and the surety looks to the receiver to repay it.
Because the surety stands behind the assets the receiver holds, the bond is underwritten on the receiver’s credit and finances, and a large receivership can require collateral. The court fixes the amount and can adjust it as the receivership develops.
These are the actual underwriting fields — the order of appointment, the assets and their value, the receiver, and your finances. Submit once and a surety specialist returns a quote, typically within one business day. Free until your bond is issued.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
Send us the order of appointment and the asset value, and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.