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. Fortunately, anyone charged with a penal offence has the right to be presumed innocent until proven guilty, thus, he may be allowed to plead for provisional liberty. In some cases, if you are fortunate enough, you may be released from jail until your court trial or hearing. But, you are obliged to follow and comply with the agreed conditions to ensure that you will not turn your back from the charges filed against you. This assurance is what we call “bail bond”.
Bail bonds are a form of contract between the judge and the defendant that will be turned over to the court. Bail hearings are conducted to determine and agree on the type of bail. A special proceeding is conducted to decide on the bail bond. Bail bonds usually come in three forms: cash, property, and signature bonds. In some cases, surety companies may also take action. In such cases, the presence of the defendant and surety are required in the legal proceedings. If there are other types of bail bond to be considered, the judge will take into account the defendant’s financial sources, or the source of whatever will be used as collateral.
Knowing, studying, and understanding the various kinds of bails available (be it in the form of cash, property, signature bond) once the post or request for bail has been acknowledged. Cash, checks, and money orders earned and obtained legally are among the forms of allowed 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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After the defendant has been released temporarily, he is required to attend all court hearings and proceedings, and meet the conditions stipulated and agreed during the bail hearing. In case the defendant skips a hearing, the bail bond is considered to be in default. However, there are still a few ways you may want to try to solve the problem. However, if all options fail, the bond will be forfeited to the court no matter what the circumstances may be.Businesses – My Most Valuable Tips