Personal Assets –

[Halbert]

I need to obtain a guardianship bond for a big amount. Do I need to have at least equal amount in personal assets in order to qualify?

[Humphrey]

There is no fixed criteria to judge whether the applicant would be awarded the bond or not. It is a judgmental call and possessing equal bank balance or so is not the only factor. A bonding company will naturally desire that the applicant is of strong personal and financial character. He should have sufficient liquidity and home ownership in addition to strong credit history of always paying the debts on time.