When it comes to legal concerns, one of the most common ones that most people encounter is bail bond forfeiture. It can be really hard to understand especially if you do not have any experience yet about facing legal cases. This is actually how it goes, when you or a friend or relative gets arrested, you have the option to pay with your own money in order to secure a temporary release. However, if you do not have enough money to pay for a temporary release, you can go to a company that provides bail bonds.
A bail bond is a form of insurance that compels the defendant to agree and follow the terms set forth by the court. A bail bond can be a specific amount of money or value of a property that is determined by the court in order to ensure that the defensive goes to court on the dates scheduled. But what does forfeiture mean? Learn more about this the legal pros themselves.
As what many lawyers and legal experts say, bond forfeiture reiter to the encasement of the guarantee by the beneficiary under the terms of the agreement. If the defendant does not go to the court on the scheduled dates, it is the duty of the bail bond company to pay any outstanding amount due.
When bonds are forfeited, the funds can not be refunded. Instead, these become the property of the jury who are assigned to that case. There are differences among bail bond forfeitures. If the case is tried as a criminal case, the failure of the defendant to appear during scheduled hearings leads to the forfeiture of the bond. If the case is tried as a civil case, a bond forfeiture will mean that a particular right of the defendant is expropriated or destroyed as a consequence, to ensure that the terms of agreement are followed.
Bond forfeiture does not simply happen because the defender fails to appear in court. Instead, the defensive must first explain his or her failure to attend the scheduled hearing date. If the defensive fails to provide a valid excuse, the judge will issue a warrant of arrest. Now, if the defensive goes into hiding and / or can not be found when the warrant is served, the court will then proceed with the forfeiture of the bond. But apart from the loss of money that is the consequence of bond forfeiture, failure to appear on scheduled court dates can underline the defendant's case. Here, it is very important to know the importance of bail bonds .