It is obvious to say that a bail bond is simply some kind of a security bond that is usually provided with a bail agent or company or bail bondsman whereby they are able to pay up the bond on behalf of an individual in order for the person not to go to jail. In this talk, we have the opportunity to discuss the procedure of bail bonding and how it can be of great importance to a huge number of individuals. The reason why bail bonds exist is because there are numerous incidences or situations whereby an individual has been given a particular bail bond to pay and he is not able to come up with the amount of money that is required and therefore he will need to request for the assistance of a bail bondsman or a bail bond agent who will be able to pay up the amount on his behalf in order for him to be released. As much as the bail bonds agent will be paying the amount of money on behalf of the accused it is still important for the individual to be able to raise at least 10% of the bail amount so that the bail bondsman is able to secure the rest of the bail amount in form of a particular collateral.
In the event that the defendant may not be able to have adequate collateral, it is in place for the bail bondsman to be able to look for assistance from relatives and friends so that they can come up together to assist in covering the bail. In many cases, you will find that in order for individuals to be able to cover for the full bail amount, they will have to produce extra cash and also the full collateral that is required so that they can cater for the particular bail amount to be posted.
Once the bail bond amount has been taken care of, the following events will be dependent and whether or not the defendant will appear in court after being released. In the event that the defendant fails to appear in court, it means that the bail bond will have to be forfeited and the 90% that was represented as collateral will have to pay in full and this where the bail bondsman will use the defendant’s collateral to pay the court the remaining bail amount. If the defendant ends up appearing in court, it will be a great advantage to him and this is because upon finishing of the case the amount that was represented with the collateral will not be an issue since the collateral will be giving back to whoever posted it and the bail bonds agent will be able to get the 10% cash fee that was paid.