Local Rule RULE 8007-1: STAY PENDING APPEAL (BOND OR OTHER SECURITY)
Bankr. N.D.N.Y. — Appellate rule
RULE 8007-1 STAY PENDING APPEAL (BOND OR OTHER SECURITY)
(a) Amount of Bond or Value of Security When Money Judgment Only. A bond or other security, where the judgment is for a sum of money only, shall be in the amount of, or of a value equivalent to, the judgment plus 11% to cover interest and such damages for delay as may be awarded, plus an amount to be determined by the Court to cover costs.
(b) Amount of Bond or Value of Security When Judgment Not Solely for a Sum of Money. When the stay may not be effected solely by the giving of the bond or other security because the judgment or order is not solely for a sum of money, the Court, on notice, shall fix the amount of the bond or value of security and grant a stay on such terms as it may deem proper.
(c) Objections. Upon approval, a bond shall be filed with the Clerk or other security delivered as directed by the Court, and a copy of the bond or description of the security, with notice of filing or delivery, promptly served on all parties affected thereby. If the appellee raises objections to the form of the bond, the sufficiency of the surety, or the nature or value of the security, the Court shall hold a hearing on expedited notice to all parties.