A Bail Bond is a legal document that guarantees a defendant’s appearance in court. The defendant must appear or a bonding company will have to pay for the defendant’s court costs and fees. Bail is usually in cash, and posted by an approved bonding agent. An approved bonding agent will take ten percent of the bail amount as a fee, and other collateral and guarantees may be required. Bail bonds are often used when a defendant cannot afford to pay the full amount of the bail.
Bail bonds are used in cases where a defendant can’t afford to pay the full bail amount
A bail bond is a type of surety bond. It is paid to the court by a relative or friend who guarantees that the defendant will appear in court and complete the court-ordered duties. The defendant must appear at all scheduled court dates, and they must also be in compliance with subsequent laws and Orders of Protection. Often, a bond requires a deposit, which must be paid in cash or collateral.
In addition to bail bonds, a defendant can also post property as a bond. When a defendant provides property as a bond, the court gets a lien on it. This lien will be enforced when the defendant fails to appear in court. If the defendant fails to return to court, the lien will be enforced, and the bail amount can be recovered from the property.
They guarantee a defendant’s appearance at future court appearances
A bail bond guarantees a defendant’s appearance at future court hearings. The defendant is freed on bail after agreeing to certain conditions, including not committing a new crime or intimidating victims. These conditions are part of the bail bond process. Typically, the defendant must also agree to sign a bond guaranteeing his or her future appearances. Here are some of these conditions.
In general, a bail bond involves posting a certain amount of money with a bail bonding company. The defendant agrees to make future court appearances and to comply with all nonmonetary conditions of release. Usually, a bond is posted at the Circuit Clerk’s office during regular business hours or at the jail where the defendant is being held. Once posted, the bond money belongs to the person listed on the bond sheet. A notarized bond assignment must be filed with the Circuit Clerk’s office.
The judge will also consider a defendant’s potential to flee. While the judge may have limited information about the defendant, his defense attorney can contact the accused’s family members, employer, and other supporters. These information can help the judge determine the right amount of bail. If the accused fails to appear at future court appearances, he or she may face jail time. Without a bail bond, the defendant may be forced to stay in jail until the case is concluded. Without the bond, the court will hold the defendant until the case is closed. If the defendant fails to appear at a future court appearance, the judge may impose conditions that require them to remain in jail until the case is resolved.
They are secured by collateral
Collateral is a type of bond used to secure bail. It differs from cash bonds in that it is secured by property you own. Collateral can be a house or an unoccupied piece of land. It can also be a certificate of deposit, 401K, stock options, or a passbook to a bank account. ABC Bail Bonds accepts collateral from citizens of all 50 states, the Dominican Republic, and Columbia.
Most bonds are secured by some sort of collateral. Real estate is one of the most common types. Although the defendant may not own a home, it may have valuable assets, such as jewelry or a valuable piece of electronics. If the defendant owns multiple properties, he or she can pool their assets to secure the bond. In addition, a valuable item such as a diamond ring may be valuable enough to serve as collateral.
They can be lost if a defendant doesn’t appear in court
Defendants who fail to show up for their court appearances can lose their Bail Bonds. Failure to appear in court is a common occurrence, especially for defendants who have been charged with a crime. Many defendants simply blow off the court appearance, or even go to work without showing up. However, if a defendant fails to appear in court, the Bail Agent can file documents with the court explaining their failure to appear. This filing can be completed in just a few days, although it may take up to seven or 10 days to have a hearing scheduled.
Bail Bonds can be lost in many ways. In the event that the defendant fails to appear in court, the court may foreclose on the property that is secured with the bond. If this happens, the bail bondsman can then come after the defendant’s home and sell it at auction to recover the money. Often, this will be the only option available, since a bail bond can only be issued for a specific amount.
