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Bail Bonds: Answers to Frequently Asked Questions Committing a crime and being imprisoned is surely an uncomfortable and terrifying experience. But thanks to the presumption of innocence in the Universal Declaration of Human Rights, you are innocent until proven guilty and may post for conditional liberty. Fortunately, in some cases, you may be released temporarily until your trial. However, in return, you will be required to provide some sort of guarantee or security so as to assure them that you will return to face the charges against you. This assurance is what we call “bail bond”. 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. There may also be cases where a surety company is involved. 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. Real estate and legal assets are among the considered forms of property bonds which the defendant presents as collateral or substitute for the total bail amount. For those cases where the defendant is financially unable to post his own bail, this is when a licensed third party (surety) company legally takes on the responsibility for the bail amount, and the defendant will have to pay 10% of the total 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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The defendant is obliged to attend all court trials and legal proceedings after the bail has been approved. In case the defendant skips a hearing, the bail bond is considered 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.The Art of Mastering Businesses