Bankruptcy auctioneer bonds.
From $100. Enter your amount.
An auctioneer employed to sell bankruptcy-estate property under 11 U.S.C. 327 must file a surety bond in favor of the United States, approved by the U.S. Trustee, before acting. The amount is fixed by local court rules or the trustee. Pricing is 1% of the bond amount, $100 minimum — enter the amount required and your exact price appears at the application. The application collects no credit information; most applications approve instantly, and if a check ever runs it is a soft pull that won’t touch your score.
Trusted by industry leaders
Apply to filed in one sitting.
You cannot act as auctioneer until the bond is on file. Here is the whole process — no broker phone tag:
Apply online
Your details, the bond amount the trustee or local rules require, and the effective date — that is the entire application. The application collects no credit information.
Issued on the spot
No waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick underwriter review; if a credit check ever runs it is a soft pull that won’t touch your score.
File with the U.S. Trustee
Submit the executed bond, in favor of the United States, for approval by the U.S. Trustee before you handle estate property. Wet-ink originals mailed on request.
What it is and who needs it.
What the auctioneer bond actually guarantees
When a bankruptcy trustee needs to liquidate estate property, the court can authorize the trustee to employ an auctioneer under 11 U.S.C. 327. Because the auctioneer takes custody of estate assets and the proceeds of their sale, the U.S. Trustee Program requires a surety bond before the auctioneer can act.
The bond is filed in favor of the United States and approved by the U.S. Trustee, with the amount fixed either by local bankruptcy court rules (for example, Bankruptcy Rule 6005 local implementations) or by the trustee supervising the liquidation. An auctioneer may file a per-case bond or, in many districts, a blanket bond covering all cases in which they act.
The bond is conditioned on the auctioneer’s faithful and prompt accounting for all monies and property that come into their possession, and compliance with the court’s rules and orders. If the surety pays a claim, the auctioneer repays the surety. We issue the amount required from $100; the application collects no credit information, and most applications approve instantly.
You need this bond if you are
One application, issued on the spot.
Submit the application with the bond amount the trustee or local rules require — the executed bond is generated instantly, ready to file with the U.S. Trustee. No credit-check section on this bond.
Start the application →Common questions.
Other Federal bonds.
Auctioneer bond, issued today.
From $100. Enter the amount the trustee fixed and file with the U.S. Trustee the same day.