LEGAL BONDS WHAT IS BONDS?

A legal bond is a written agreement where a person decides to

perform a specific act, such as fulfilling a contract's obligations or
appearing in court.
If they don't perform this act, they will have to pay the other party in
the contract a certain sum of money or forfeit the money on a
deposit. A bond legally binds someone to fulfill an obligation and
gives reassurance that the compensation will be available if the duty
is not fulfilled. A surety is often involved, which the bond makes
responsible for any consequences of the person's behavior.
WHAT ARE COURT
BONDS?
A court bond is defined as all surety bonds a person needs when
they're pursuing an action in court. Court bonds can be divided into
fiduciary/private bonds and judicial bonds. The main difference is a
judicial bond will pay a sum of money that would normally be
required in a court case, while a fiduciary bond promises honest and
faithful performance of a duty.
Bonds often take the following forms:
Performance bonds
Bid bonds
Payment bonds

Bid bonds make sure someone doesn't underbid a project, or if they do,
that they'll still finish the project at the original price bid. Performance
bonds make sure there is an accurate and timely performance of the
contract according to the specifications. Payment bonds make sure a
contractor pays its material men and subtractors and is created to protect
the owner of a project from being liable in case nonpayment occurs.
WHAT IS A JUDICIAL
BOND?
A judicial bond gets deposited by a litigant to compensate the opposite
governmental or judicial body from any loss that comes from the
legal proceeding. These bonds are often used when going into a civil
court proceeding. The bonds make sure the person is protected from
potential losses that come from the court's decision. Judicial bonds
can be divided into plaintiff bonds and defendant bonds. Defendant
bonds stop a plaintiff's action from trying to satisfy their claim. They
often allow the defendant to have control over the property.
 DEBTORS LEGAL LETTER
Dear Mr. John,

We regret to inform you that due to your unpaid debt amount of Rp.
500.000.000 to PT. Sejahtera, from today, December 15th, 2019 we have
passed your case to court. You are now to be contacted by official court
attorneys, who will notify you of the hearing date. Therefore you will be
served a subpoena to appear at court where you can present your defence.
If you wish to settle the outstanding amount, please do not hesitate to contact
us.

Yours faithfully,
(name of contact person, name of debt collection agency)