Bail Bonds 101: The Basics of Bail Bonds Being put to jail for being accused of breaking the law could really be a frightening and at the same time unfamiliar experience, something that we would never wish to experience, again. But thanks to the presumption of innocence in the Universal Declaration of Human Rights, you […]
Bail Bonds 101: The Basics of Bail Bonds Being put to jail for being accused of breaking the law could really be a frightening and at the same time unfamiliar experience, something that we would never wish to experience, again. But thanks to the presumption of innocence in the Universal Declaration of Human Rights, you are innocent until proven guilty and may post for conditional liberty. In some cases, if you are fortunate enough, you may be released from jail until your court trial or hearing. However, you may be required to agree to a set of conditions to ensure that you will not run away, and still attend the proceedings against your charges. This assurance is what we call “bail bond”. Bail bonds are a form of legal agreement between the judge and the defendant that will be forwarded to the court to consider and decide for release. Bail bonds are determined during a bail hearing. Cash, property, and signature bonds are among the usual types. There may also be cases where a surety company is involved. In such cases, the presence of the defendant and surety are required in the legal proceedings. Information about the sources of fund of the collateral and the financial status of the defendant are considered for other cases of bail bond. Once the bail has been finalized, it is important to understand the different forms and kinds of bail that people usually encounter. Cash, checks, and money orders obtained or earned by legal and lawful means are qualified forms of cash bail. Property bonds are those legal assets and real estate property presented by the defendant as collateral, and in replacement, for the total bail amount. When a defendant is unable to financially comply to the conditions of the bail, this is when dependent pays 10% of the total bail amount to a bail bond agent and a third party surety company functions and legally takes the responsibility to pay for the bail amount. There are also cases where the defendant need not to pay for bail, rather, he will have to sign the proper forms and legal papers with the conditions for release.
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Once the bail is decided on, and the request for conditional liberty has been granted, the defendant is obligated to attend to all court proceedings. The bail bond is at risk of being forfeited. However, there are still a few ways you may want to try to solve the problem. Unfortunately, if you aren’t lucky enough, and nothing has worked out so far out of all the methods and options you have tried, the bail bond you posted will be forfeited regardless of the circumstance, and not a single penny will be returned to you.The Art of Mastering Businesses