A bailing bond is usually required to be submitted by a bailing agency in case a defendant is unable to pay the set bail amount designated by the court of law to secure their release. The bond acts as insurance for the defendant and stipulates that the person being released will be available and able to make an appearance in front of the court as and when required.
If for some reason the defendant fails to keep his/her side of the bargain and does not appear when summoned by the court, the bail bond in considered fortified. Thus the defendant has to pay the rest of the amount to the court which is usually collateral. In cases where the collateral is defined as valuables, property, jewelry or shares, they are confiscated from the defendant to be paid to the court. On the other side, if the defendant does appear in the court as directed, and is able to foresee the proceedings till the closure of the case, the bond is also considered dissolved. In such cases, the defendant gets repossession of the collateral while the bailing agency gets to keep their profits in addition to the 10 percent initially paid by the defendant.
There are many companies that provide bailing services to clients to help assist their cases. Travis Rothmeyer is a well-reputed agent that provides excellent services and is well-reputed among the competition. While there are many companies in the business, bailing bonds are always considered risky and volatile. This is due to the fact that if the defendant fails to pay the amount stipulated, the agency is required by law to complete the remaining amount. This is where the bailing agent seeks support from the defendant’s relatives, family member and associates to complete the required amount and to clear the bond from the court.