If you are charged with wrongdoing, detention and remaining in prison can be a traumatic and stressful situation. Luckily, since a person is legally innocent until proven guilty, in numerous scenarios, you can be released by the judge until the day your case needs some hearing or trial. For this happen you will be required by the judge to give some kind of certification that you will come back to face the charges against you before you can be discharged from custody. This certification is known as a bail bond and most of the time is given to the court as either; money, land, signature bond, bond guaranteed by a surety firm, or combination of forms.
During a formal bail hearing the bail bond can be set, this the time the judge meets with the respondent and decides whether it is appropriate or not to post bail. The judge will other times be forced to check the financial status of the defendant and the sources of property or funds that will be used to secure the bail bond in case certain kinds of bail bonds such as a secured bond or property bond are considered. In the case another person grants bail to the defendant, it is considered as a surety and their financial status will as well be taken into account.
During the day of the bail hearing, if the surety is involved, he/she is required to attend alongside the defendant. The judge will inform both the defendant and surety about what they are required to do and their responsibilities. It is crucial to remember that if the respondent does not comply with his/her obligations and fails to appear before the court during his/her hearings, the bond might be revoked and voided. Therefore, it is vital that before the surety posts the bail, he/she trusts the defendant.
It is crucial that the defendant understands the different bail options available immediately the bail has been posted. The cash bail mostly involves cash, however, it can as well be paid with verified checks cashier’s checks or cash orders. The receipt that one receives once he/she has posted the cash bail needs to be well kept, this helps the defendant or whoever posted the bail to collect their refund as soon as the terms of the bail have been met. Relying on the total amount of cash bail, it might as well be essential for the litigant or the surety to finish tax documents, for example, the IRS Form W-9.
The signature bond is different from the cash bond, as this requires the defendant to sign the appropriate forms for the clerk of the court so that he/she can be discharged. But it is crucial to remember the conditions or directions given by the judge to ensure that the accused understands exactly what he/she is required to do for the bail not to be renounced.
The bail bondsmen can secure a bail bond known as Corporate surety bonds. Most of the time, the respondent or surety is required to pay ten percent of the total amount of the bail to the bondsman, and the accused or guarantee must have adequate financial resources to pay the rest of the bond in case the bail is renounced or if the accused fails to meet the conditions of the bail. Regardless of whether the accused meets all of his/her bail conditions, ten percent will be the property of the bondholder and will not be returned to the accused.
Other times, the judge can affirm property bonds as a guarantee to secure a bond. Mostly, the …