(a) If a creditor files an application for letters of administration of an estate, another interested person who does not desire the administration can defeat the application by:
(1) paying the creditor's claim;
(2) proving to the court's satisfaction that the creditor's claim is fictitious, fraudulent, illegal, or barred by limitation; or
(3) executing a bond that is:
(A) payable to, and to be approved by, the judge in an amount that is twice the amount of the creditor's claim; and
(B) conditioned on the obligors paying the claim on the establishment of the claim by suit in any court in the county having jurisdiction of the amount.
(b) A bond executed and approved under Subsection (a)(3) must be filed with the county clerk.