it is collected with the rest of taxes in the government's treasury. this money is used to pay for the creation and maintenance of public service offerings, such as parks, public schools, pay for teachers, municipalities, police, fire station, etc...
Because the bond (or bail) was accepted as surety that the defendant WOULD appear in court - if the defendant fails to appear, the bond (or bail) is forfeited and seized by the court.
yes
If you put the property up to secure the bail money, yes, the bail provider can take it with a court order.
if a collection agency isn't paid, the debt can be put on a persons credit report. The collection agency can also choose to garnish a persons paycheck.
A "secured" bail bond is one in which the ENTIRE cash amount of bail money was put up -or- the bail bond is secured in it's entire amount by the pledging of property of equal value.
Exoneration of a bail bond simply means that the defendant has been adjudicated and the bail liability has been released from the bail bond agent.When a bail bond is posted and a fee is charged by the bail agent that fee is non-refundable no matter if the charges are never filed, the defendant gets parole revoked and put back into custody, or the defendant is adjudicated.
After being bailed out, there is a court date given, and you have to appear in court to answer the charges. The case continues from there in the same fashion as if you were still in custody. For further informatoin, please see the related link below.
You put up property or pay the amount of cash required. If you show up for your court date, you get your money returned to you. If you have to hire a bailbondsman, he keeps a certain percentage of the amount as his fee. If you do not appear your bail is forfeited and you are arrested.
Mutual funds are monies put into an account similar to a savings account. However, you must leave the monies in the fund for a certain period of time for you to make any interest money on it
Usually the defendant must put up at least 10% in cash of the total bail amount. For $32,000 bail that would be $3,200 in cash or possibly some form of collateral.
Mutual funds are monies put into an account similar to a savings account. However, you must leave the monies in the fund for a certain period of time for you to make any interest money on it.
Mutual funds are monies put into an account similar to a savings account. However, you must leave the monies in the fund for a certain period of time for you to make any interest money on it.