Local Rule RULE 2030-2: APPEAL BONDS
Bankr. N.D. Ill. — General rule
RULE 2030-2 APPEAL BONDS A. Judgment for a Sum Certain When a judgment is entered for money only, the bond under Rule 7062 of the Federal Rules of Bankruptcy Procedure must be in the judgment amount, plus one year's interest at the rate under 28 U.S.C. § 1961, and $500 to cover costs. A party may move for an order fixing the bond in a different amount.
B. Condition of Bond; Satisfaction The bond must be conditioned on satisfaction of the judgment, along with costs, interest, and damages for delay, if the appeal is dismissed or the judgment affirmed, as well as any costs, interest, or damages that the reviewing court awards.