HOW DOES A BANKRUPTCY TRUSTEE BOND WORK?
Bankruptcy Trustee
Court
Surety Company
PRINCIPAL
OBLIGEE
SURETY
The bankruptcy trustee is assigned to the debtor, and the bond protects the creditors when a bankruptcy petition is filed.
The Obligee is the court that requires the bond to protect creditors
WWW.SURETYBONDAUTHORITY.COM
The Surety financially backs up the bankruptcy trustee to ensure that he or she complies with court rules and ethical distribution of funds and assets to the appropriate creditors.
BANKRUPTCY TRUSTEE BOND