When it comes to legal concerns, one of the most common ones that many 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 truly 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 possess enough money to pay for a short-term release, you can go to a business 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 particular amount of cash or value of a house that is usually determined by the court in order to make sure that the accused goes to court on the dates scheduled. But what does forfeiture mean? Learn more about this from the legal pros themselves.
As what many lawyers and legal experts claim, bond forfeiture refers to the encasement of the promise by the beneficiary under the conditions of the agreement. If the defendant does not go to the court on the planned dates, it is the duty of the bail bond business to pay any outstanding amount due.
When bonds are forfeited, the funds cannot 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 accused to appear during scheduled hearings can lead to the forfeiture of the bond. If the case is tried as a civil case, bond forfeiture will suggest that a particular right of the accused is normally deprived or destroyed as an effect, to ensure that the terms of the agreement are followed.
Bond forfeiture does not simply happen because the defendant fails to appear in court. Instead, the defendant must first explain his or her failure to attend the planned hearing date. If the accused fails to provide a valid reason, the judge will issue a warrant of detaining. Now, if the defendant goes into hiding and/or cannot be discovered when the warrant is usually served, the court will after that proceed with the forfeiture of the bond. But apart from the loss of funds that is definitely the outcome of bond forfeiture, failing to show up on scheduled court schedules can undermine the defendant's case. Hence, it can be very vital to know the importance of bail bonds.
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