Contactors BK?

[Bond Guy]

We are agents who are looking for a Contractors State License Bond (California) for our customer, who had a claim on a bond with a well known Surety; they filed bankruptcy and will not be paying back that claim. They are looking for a Bond where they can pay the full amt of the Bond as the premium ($12,500), then will that premium be paid back once the bankruptcy courts declare that debt wiped out? Please help?

[Surety Queen]

Originally Posted by Bond Guy

We are agents who are looking for a Contractors State License Bond (California) for our customer, who had a claim on a bond with a well known Surety; they filed bankruptcy and will not be paying back that claim. They are looking for a Bond where they can pay the full amt of the Bond as the premium ($12,500), then will that premium be paid back once the bankruptcy courts declare that debt wiped out? Please help?

Sorry - we'll pass. I'm sure there are companies out there who will jump on this but we prefer not to.