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. It is important for the accused to understand that despite the fact that the bail bond agent will be providing collateral or security as the bail bond amount he will still have to ensure that he is in a position to come up with at least 10% of the bail bond amount that will be required so that the agent or the bail bondsman is able to take care of the remaining amount.
In case that the accused or the defendant will not be able to provide any collateral to be able to stand in for the bail bond amount,it will mean that the bail bondsman to bring together around the relatives and friends who may be in a position to raise sufficient collateral that will be able to be used to stand in for the bail amount. 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 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%. In case the defendant gets to appear in court, the bail bond will have to be dissolved upon conclusion of the court case and the collateral will be given back to the individual who posted it and the bail bonds agent will get the 10% cash fee as his benefit or profit.