Committing a crime and being imprisoned is surely an uncomfortable and terrifying experience. But with our right to the presumption of innocence in Article 11 of the Universal Declaration of Human Rights, anyone charged with a penal offence is innocent until proven guilty, and may be allowed to post for temporary release. 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 type of assurance or security is what we know as “bail bonds”.
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. Bail bonds usually come in three forms: cash, property, and signature bonds. A surety company may also get involved. In cases where a surety is involved, both the surety and the defendant must be present during the hearing. Information about the sources of fund of the collateral and the financial status of the defendant are considered for other cases of bail bond.
It is necessary to know and understand the various kinds and forms of bail available, once bail has been set. Cash, checks, and money orders obtained or earned by legal and lawful means are qualified forms of cash bail. Property bonds are those real property that the defendants present as collateral for their total bail amount. When a defendant is financially not capable of complying with the the bail, he or she may take into consideration paying 10% of the total bail amount to a legal third party company that will take full responsibility of paying for the total bail amount. In some cases, the defendant need not to pay for the bail amount, or present a collateral as a substitute for a bail amount; he only has to come to agreement with the court’s conditions so as to be granted the temporary release or conditional liberty.
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The defendant is obliged to attend all court trials and legal proceedings after the bail has been approved. In the event that the defendant fails to attend a trial, the bail bond is said to be in default. In that case, there are a few options to fix 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.Discovering The Truth About Bonds