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Bail Bonds 101: The Basics of 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 bonds are a form of contract between the judge and the defendant that will be turned over to the court. Bail hearings are conducted to determine and agree on the type of bail. A special proceeding is conducted to decide on the bail bond. Cash, property, and signature bonds are among the usual types. A surety company may also get involved. In cases where a surety is involved, both the surety and the defendant must be present during the hearing. The financial sources of the defendant are considered in cases of other possible bail bond. It is necessary to know and understand the various kinds and forms of bail available, once bail has been set. Cash bails include cash, checks, and money orders proven to be obtained by legal means. Real estate and legal assets are among the considered forms of property bonds which the defendant presents as collateral or substitute for the total bail amount. For those cases where the defendant is financially unable to post his own bail, this is when a licensed third party (surety) company legally takes on the responsibility for the bail amount, and the defendant will have to pay 10% of the total bail amount. There are also cases where the defendant need not to pay for bail, rather, he will have to sign the proper forms and legal papers with the conditions for release.
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After the defendant has been released temporarily, he is required to attend all court hearings and proceedings, and meet the conditions stipulated and agreed during the bail hearing. The bail bond is at risk of being forfeited. However, there is no need to worry yet since there are a number of ways in which you can solve the problem and prevent your bail bond from being forfeited. 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