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 discussion, we are going to look at how bail bonding usually works and how it can be beneficial to the majority of individuals. One of the reasons why we have bail bonds in the first place is because you find that there are circumstances where the defendant is not able to pay the bail amount and therefore they will have to seek assistance from a bail bondsman in the form of a bail bond. 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. Under normal circumstances, in order for the individuals to be able to cater for the bail bond amount, they will have to provide additional cash inclusive of the full collateral so that the bail bond will be able to be posted.
Immediately the bail bond amount has been cleared, what will then follow is the appearance or disappearance of the defendant in court after his release. 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. It will be very important for the defendant to ensure that he is able to appear in court since this will mean that the amount that was represented with the collateral will not be a problem and therefore the collateral will be given back the individual who had initially posted it and also the bail bondsman who was able to assist with the bail bond will also get to benefit with the 10% fee that was initially paid.