Maryland — Trustee In Bankruptcy Bond
Selected to serve as a bankruptcy trustee in a Maryland case? Have the trustee bonding instructions and required amount available, then begin the Propeller application through The Southern Agency.
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- Recorded state
- Maryland
- Bond type
- Fiduciary / Guardianship Bond
- Category
- Court, probate & fiduciary
What this bond does
A bankruptcy trustee bond secures faithful performance of the trustee's official duties. This is a federal bankruptcy obligation, distinct from a Maryland probate estate bond or a private trust appointment.
- Who needs it
- The trustee selected to serve in the bankruptcy proceeding who must provide security under the applicable bonding instructions. A debtor filing for bankruptcy is not the trustee merely because it is their case.
- Who it protects
- Under 11 U.S.C. §322, the bond is in favor of the United States and conditioned on faithful performance of the trustee's duties. It does not guarantee payment of the debtor's debts.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
Have these ready
- Have the selected trustee's legal name and contact information ready.
- Gather the bankruptcy court, case number and debtor or estate name for the request.
- Keep the bonding direction, required amount and any specified form or coverage scope available.
- After issuance, follow the bankruptcy filing and qualification instructions. Confirm the required timing before beginning duties; the application itself does not qualify you.
Questions about this bond
Is this a bond for the person filing bankruptcy?
This offering identifies the trustee's faithful-performance bond. Use it for a trustee bonding request, not simply because you are the debtor in a bankruptcy case.
Who decides the amount?
Section 322(b)(2) assigns the required bond amount and sufficiency of the surety to the United States trustee. Use the direction for your appointment.
Is the Maryland title a separate state probate requirement?
No. The named role is bankruptcy trustee, and the obligation discussed here comes from federal bankruptcy law. A personal representative of a deceased person's estate has a different role.
What happens after I start online?
Purchase Now opens Propeller in a new tab. Complete the application for review and issuance, then arrange the required filing. Neither submission nor payment alone establishes qualification or acceptance.