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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black">When I encountered this issue in the past I filed a claim with the state bureau that was liquidating the surety. They typically have a claims bar date much
like a bankruptcy proceeding. It took more than five years, but the claim ultimately was allowed and there was a substantial payout.<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> clc-discussion-bounces@lists.flabarrpptl.org [mailto:clc-discussion-bounces@lists.flabarrpptl.org]
<b>On Behalf Of </b>Andrea Fair<br>
<b>Sent:</b> Friday, May 18, 2012 12:42 PM<br>
<b>To:</b> clc-discussion@lists.flabarrpptl.org<br>
<b>Subject:</b> [CLC-Discussion] question re: surety in liquidation<o:p></o:p></span></p>
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<p class="MsoNormal">I have a client with potential bond claims against First Sealord Surety, Inc., which is in liquidation. My client does work in many states and their TX attorney told them that they could not file suit against this surety due to the liquidation
process (like the automatic stay in bankruptcy) and they have just let some bond claims go by the wayside because of this advice. I question whether that was good advice. The deadline is coming up next week on a potential bond claim and I thought I would
just file suit and not serve the surety until I get an answer on this issue. If any of you know the answer and can let me know ASAP, I would greatly appreciate it. Bottom line: Can I file suit against First Sealord? If no, what should I do instead to pursue
the bond claim? Of course, I still intend to pursue the GC but I don’t know how the liquidation affects my client’s bond claims. Thank you in advance for all of the feedback! I think the way this group discusses issues and shares information is truly amazing
and so helpful. <o:p></o:p></p>
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<p class="MsoNormal">Thx-Andrea<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#244061"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#244061">Andrea M. Fair-Purcell<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#244061">Board Certified Construction Attorney<o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><b><span style="font-size:16.0pt;font-family:"Times New Roman","serif";color:#244061">FAIR•LAW•PLLC
<o:p></o:p></span></b></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#244061">13046 Racetrack Road #236
<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#244061">Tampa, FL 33626
<br>
(813) 412-1077 phone <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#244061">(877) 879-4990 fax
<br>
<a href="http://www.fairconstructionliens.com">www.fairconstructionliens.com</a></span><o:p></o:p></p>
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