Pennsylvania Praecipe to Terminate Supersedeas
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How to fill out Pennsylvania Praecipe To Terminate Supersedeas?
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FAQ
A Supersedeas Bond is a surety bond purchased by the appellant (aka petitioner) in an appealed civil lawsuit. A supersedeas bond is usually required by the court if a losing party in a civil suit wants to appeal the judgment against them.
Supersedeas (also termed ?writ of supersedeas?) is Latin for ?you shall desist,? and it refers to a stay of the enforcement of a judgment pending appeal; a writ or bond that suspends a judgment creditor's power to levy execution.
Supersedeas Bond Example For example, if Joe and Barbara are in a trial and the court finds Barbara in favor and rules Joe to pay Barabara $50,000, Joe could file an appeal to a higher court. If he wants to do this, he would need to get a Supersedeas Bond.
Supersedeas is a legal term used in Pennsylvania workers' compensation law that essentially means your employer is seeking permission to stop your wage loss payments immediately.
Its primary purpose is to guarantee that if the judgment is affirmed, the surety insurer that issued the bond will pay the appellee if the appellant is unable to. To put it simply, a supersedeas or appeal bond ensures the judgment debtor will satisfy the judgment if the judgment is upheld.
§ 702(c) (supersedeas) provides that, except as otherwise prescribed by general rule, a petition for permission to appeal under that section shall not stay the proceedings before the trial court or other government unit, unless the trial court or other government unit or the appellate court or a judge thereof shall so
If an appeal is stricken or voluntarily terminated, any supersedeas based on it shall terminate. The prothonotary shall pay the deposits of rental to the party who sought possession of the real property.
Supersedeas (also termed ?writ of supersedeas?) is Latin for ?you shall desist,? and it refers to a stay of the enforcement of a judgment pending appeal; a writ or bond that suspends a judgment creditor's power to levy execution. Last updated in August of 2021 by the Wex Definitions Team