Virginia receiver bonds.
We size, underwrite & quote it.

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

Required of a receiver to give bond with surety under Va. Code § 8.01-582 before acting
Penalty is directed by the court — sufficient to cover the amount under the receiver’s control
Underwritten on the receiver’s file; collateral may apply to a large receivership
Underwrittencourt sets the amountA-ratedA.M. Best carriers1 daytypical specialist reply
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for the order of appointment.

A receiver gives bond before taking control of the property, so the bond is usually the gating step after appointment. Here is the whole process:

TODAY · 10 MINUTES

Send us the file

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.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the order, the receiver’s credit and finances, and any collateral, then returns a quote. The penalty is directed by the court — underwriting decides approval and collateral.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond on the form the court requires with the power of attorney attached, ready to file so the receiver can take control of the assets.

About this bond

What it is and who needs it.

What a receiver bond secures

A Virginia court appoints a receiver (or commissioner or special 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 bond guarantees the receiver faithfully discharges the duties of the office: collecting, preserving, accounting for, and distributing the property as the court directs. 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 property the receiver holds, the bond is underwritten on the receiver’s credit and finances, and a large receivership can require collateral. The court directs the penalty and can adjust it as the receivership develops.

Virginia StatuteVa. Code § 8.01-582 governs general receivers: a general receiver shall annually give, before the court, a bond with surety to be approved by it, in such penalty as the court directs, sufficient at least to cover the probable amount under the receiver’s control in any one year, and is liable for losses resulting from failure to invest or pay out funds as required. Special receivers appointed in a particular cause give bond as the appointing court directs under the surrounding provisions of Chapter 22 (Receivers, General and Special). The bond is conditioned on the faithful discharge of the receiver’s duties.

You need this bond if you’re

A court-appointed receiver taking control of a business, real estate, or assets in litigation
A commissioner or special master directed to hold, manage, or sell property
A receiver in a rents-and-profits or foreclosure receivership
Counsel arranging the bond so the receiver can give the bond and take possession under the order of appointment

The application takes about ten minutes.

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 →
FAQ

Common questions.

What is a Virginia receiver bond?It is the bond a court-appointed receiver, commissioner, or special master gives before taking control of the property. Under Va. Code § 8.01-582 it is given with surety the court approves, in such penalty as the court directs, conditioned on the faithful discharge of the receiver’s duties, protecting the property placed in receivership.
How much does it cost?It is underwritten, not flat-rated. The court directs the penalty, sized to the value of the assets in receivership. A surety specialist then reviews the receiver’s credit and finances and any collateral and returns a premium quote, usually within one business day.
Who sets the bond amount?The court does, in such penalty as it directs under Va. Code § 8.01-582 — sufficient at least to cover the probable amount under the receiver’s control. We size and underwrite the bond to whatever penalty the court directs.
Is there more than one bond in a receivership?Sometimes. The receiver gives the bond under Va. Code § 8.01-582, and the court may also require security from the party that sought the receivership. We help structure whichever bond the court orders.
How fast can the bond be issued?A specialist typically returns a quote within one business day of a complete application. Once you bind and any collateral is in place, the executed bond issues on the court’s form, ready to file so the receiver can take possession.
Related bonds

Other Virginia bonds.

Get bonded and take control of the receivership.

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.

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