We are able to define a bail bond as that particular surety bond that is usually done on behalf of an individual with a company or a bail agent or bail bondsman and this will lead to the release of the defendant from jail. In this chapter, we are going to talk about bail bonding and how individuals are able to benefit from it and the various ways on how it works. One of the reasons why we have bail bonds in the first place is because you find that there are circumstances where the defendant is not able to pay the bail amount and therefore they will have to seek assistance from a bail bondsman in the form of a bail bond. 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.
There are many circumstances where you find that the defendant is not able to raise enough collateral that may be required, but when it comes to such kind of a situation, the bail bondsman will have to gather a couple of friends and relatives in order for them to see how they can be able to come up with a good collateral to stand in for the bail amount. In many cases, you will find that in order for individuals to be able to cover for the full bail amount, they will have to produce extra cash and also the full collateral that is required so that they can cater for the particular bail amount to be posted.
Once the bail bond amount has been taken care of, the following events will be dependent and whether or not the defendant will appear in court after being 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%. It will be very important for the defendant to ensure that he is able to appear in court since this will mean that the amount that was represented with the collateral will not be a problem and therefore the collateral will be given back the individual who had initially posted it and also the bail bondsman who was able to assist with the bail bond will also get to benefit with the 10% fee that was initially paid.