This video shows how a bail bond work and dives more into what is required to pay it off. In this article, we are going to take a look at some of the important things from the video.
When a person has been arrested, they must appear in court without failure. Therefore, to guarantee that the person will appear, the court asks for bail. It can be in the form of money, property, or bond.
Bail bonds are surety bonds posted by firms on behalf of a defendant so that he can be released from jail until their court date. The bail bond company talks with an agent that readies the paperwork and communicates with the court to verify the needed amount. The firm puts up the money for the bail and retains a percentage for reservices.
The defendant or loved ones can also raise the cash required for the bail bond. However, if they do not have the money to post bail, they can pay a small percentage to a bail bond company to post bail for them. Once posted, the bond will release the person from jail and secure that they will appear in court for a sermon hearing. Failure to appear in court means that the bond is forfeited.