A bail bond can be described as that form of security or surety bond that is provided on behalf of the defendant and is usually done by a bail agent or a bail bondsman who will be able to pay up the bond in order for the defendant to be released. 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. A bail bond usually comes in when an individual has been set for a particular bail amount and they do not have the financial capacity to pay it and therefore they will have to seek the assistance of the bail bondsman to be able to raise the bail bond on their behalf so that the defendant may be released as the case continues. Even though the bail bondsman or the bail bond agent will be providing collateral or security on behalf of the individual, the accused will still have to come up with at least 10% of the bail bond amount in order for the bail bondsman to take up the rest.
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.
The moment that the defendant is able to raise the bail bond, what will then follow will be whether or not he will get to appear in court after he has been released. In case the defendant ends up not appearing for the court, it will mean that the bail bond will have to be forfeited and this will call for the 90% that was represented with a collateral to be able to be paid up in full and the bail bondsman or agent will ensure that the collateral is converted into cash in order to clear the 90%. 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.