Todd Bryant is a graduate of Germantown Academy and the University of Pittsburgh College of Business Administration Honors College.
He has been President of Bryant Surety Bonds, Inc., an A+ rated Business with the Better Business Bureau, since 2007. Licensed as a producer with the Department of Insurance, he has been published in the National Association of Surety Bond Producers newsletter and on numerous authoritative publications such as The Washington Post, Entrepreneur.com, Azcentral.com and many more.
No. Unfortunately, if your bankruptcy is still open, surety companies will decline your bond application, making it impossible to renew your license.
Once your bankruptcy is discharged, you may get approved for a bond, but expect significantly higher rates. Sureties view applicants with a bankruptcy history as high-risk, and since your credit score heavily influences bond costs, the impact of bankruptcy on your report will play a major role in pricing. The length of this impact depends on the type of bankruptcy filed.
Can an Illinois Mortgage Broker ( Company) file bankrupcy, qne still renew thier license?
No. Unfortunately, if your bankruptcy is still open, surety companies will decline your bond application, making it impossible to renew your license.
Once your bankruptcy is discharged, you may get approved for a bond, but expect significantly higher rates. Sureties view applicants with a bankruptcy history as high-risk, and since your credit score heavily influences bond costs, the impact of bankruptcy on your report will play a major role in pricing. The length of this impact depends on the type of bankruptcy filed.