Child Support Bond?

[Bond Guy]

I need some information of types of surety bonds. Specifically, is it possible for a person to retain a surety bond for a complete child support obligation. [I.e., person pays the obligation, should they fail, the bond will cover?] Please provide me with any information you can.

[marietta68]

Originally Posted by Bond Guy

I need some information of types of surety bonds. Specifically, is it possible for a person to retain a surety bond for a complete child support obligation. [I.e., person pays the obligation, should they fail, the bond will cover?] Please provide me with any information you can.

This isn't an obligation that could be written by corporate surety companies.

[jverner]

I don't know that a bonding company would necessarily turn down such a request, but after you finished collateralizing the obligation, I think such a bond would be financially infeasible.

[Sabir]

Hi, This post is very informative, however I would like some specific information. If someone can help me then please send me a private message. Best Regards,

[annb]

I am trying to find out information regarding this as well. It is written in the child support laws of nearly every state that the court may require bond to be posted for the payment of a child support obligation, but I have yet to find anything that explains how this actually happens.

[Admin]

I have yet to see a bond for child support, but it would likely be required by the judge handling the case.

[annb]

But even if a judge ordered it, wouldn't any bond company immediately want nothing to do with someone who has a history of not paying obligations?

[Admin]

You are absolutely right. Our markets would likely require 100% collateral on a applicant that historically has problems.

In the end, the bond requirement COULD make the situation worse if they don't have the money in the first place.

[annb]

Thanks for your help. I'm still not sure why this would be considered to be a feasible child support enforcement technique when someone who owes a great deal of arrears would surely not be approved. Perhaps it's used for someone who has gotten a bit behind rather than someone who owes many thousands of dollars.

[Admin]

It appears to be another case of legislatures not knowing how bonds work.