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Things We Need to Know About Bail Bonds Being put to jail for being accused of breaking the law could really be a frightening and at the same time unfamiliar experience, something that we would never wish to experience, again. But with our right to the presumption of innocence in Article 11 of the Universal Declaration of Human Rights, anyone charged with a penal offence is innocent until proven guilty, and may be allowed to post for temporary release. There may be cases where the judge may grant you conditional liberty. However, you may be required to agree to a set of conditions to ensure that you will not run away, and still attend the proceedings against your charges. This form of security is commonly known as “bail bonds” Bail bond is an agreement made between the judge and the defendant in order to obtain the defendant’s release before the court trial. Bail hearings are conducted to determine and agree on the type of bail. A special proceeding is conducted to decide on the bail bond. Bail bonds usually come in three forms: cash, property, and signature bonds. A surety company may also get involved. In cases where there is surety, the presence of both the surety and defendant during trials are necessary. Information about the sources of fund of the collateral and the financial status of the defendant are considered for other cases of bail bond. Once the bail has been finalized, it is important to understand the different forms and kinds of bail that people usually encounter. Cash, checks, and money orders obtained or earned by legal and lawful means are qualified forms of cash bail. Property bonds are those real property that the defendants present as collateral for their total bail amount. When a defendant is unable to financially comply to the conditions of the bail, this is when dependent pays 10% of the total bail amount to a bail bond agent and a third party surety company functions and legally takes the responsibility to pay for the bail amount. There are also cases where the judge agrees to waive the bail amount; the defendant need not to pay for the bail in cash or collateral, but to only sign a few legal documents and agree to the stipulated instructions and conditions stated in exchange for the temporary release.
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The defendant is obliged to attend all court trials and legal proceedings after the bail has been approved. In the event that the defendant fails to attend a trial, the bail bond is said to be in default. In that case, there are a few options to fix the problem. However, if all options fail, the bond will be forfeited to the court no matter what the circumstances may be.The Art of Mastering Businesses