5 Lessons Learned: Bonds

Key Issues Relating to Bail Bonds.

When charged with an offense the law requires that you be assumed innocent until proven otherwise. For this reason, instead of incarceration, the judge may allow one to be released to await trial. The judge sets bail bonds to warrant the return of the accused to court for the hearing.

There are a variety of bail bonds some of which include property bonds, cash bails, and signature bonds among others. The judge sets the bail bonds during a bail hearing session where the defendants and other relevant parties present information pertinent to the bail hearing. When security bonds or property bonds are to be set the judge has first to confirm that the defendant is financially able to service the bond. A defendant can have another person, called a surety, posting his or her bail wherefore the judge has to assess the surety’s financial power.

A surety has to be present together with the defendant during the bail hearing so that they can both be informed about their obligations. Bails can be revoked or forfeited in the event that the defendant has violated the conditions of his release, or has failed to attend subsequent hearings. This implies that it is important for a surety to ensure that they have confidence in the defendant.
The set bail can be a signature bond, a cash bail, a property bond, or a corporate bond. If yours is a cash bail you ought to pay money whether in the form money orders, certified cheques, or cashier’s checks. The bail is returned to you once you have observed all the conditions set out in the bond. It is also essential for a surety or defendant to make sure that they have signed the required tax forms when posting a cash bail.

Signature bonds are bonds that require the defendant to sign specific forms in order to be released. In order for an accused person to avoid the bail cancelation, he or she should observe all the terms of the bond.

Corporate surety bonds are the other types of bonds that require one to pay a non-refundable charge as a fraction of the total bail amount to serve as security. Property bonds are also issued as collateral. In the case of property bonds, the judge has to check details of the property relating to value and ownership and other claims associated with the property.
After the bail terms have been met, you should consult with your attorney to ensure that you recover the bail.

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