Phone number: 484-268-5663
Call Free Collect: 610-432-1222
24 HR Service
Se Habla EspaƱol

What does collateral on a bond mean?

What does collateral on a bond mean?

Collateral bond
 

Collateral is put forward in place of or in addition to bail money in order to secure the release of an arrested person. Most of the time bail collateral takes the form of property such as real estate, mobile homes, cars, motorcycles, etc. The collateral is returned once the case is completed, whether a defendant is found innocent, the charges are dropped, the defendant is sentenced or bail is exonerated. However, if the defendant fails to appear in court upon the agreed time and date, the collateral is seized or collected either by the court or the bail bond company.

Bail Bonds
  1. What is a bail bond?
  2. How does a bail bond work?
  3. How can I get a bail bond?
  4. Can my bail be decreased or increased?
  5. If I am arrested, how long will it take for me to get booked, processed and ready for a bail agent to post my bond?
  6. How long is a person accountable to the bail agent?
  7. Can the bail agent arrest me and put me back in jail?
  8. What should I put up for collateral?
  9. When will I get my collateral back?
  10. What does "bail exoneration" mean?
  11. What do bondsmen do?
  12. Is a defendant allowed to leave the state or the country while on bond?
  13. What if the defendant is rearrested when out of jail on a bond?
  14. What does it mean if a defendant's bond is forfeited?
  15. What does collateral on a bond mean?
  16. If I co-sign a bail bond, what am I agreeing to?
  17. How is the bail amount decided?
  18. Will I get my bail money back after the case is over?
  19. What if the defendant does not show up in court after I have posted the bail?
  20. How long will it take to get a person out of jail?
  21. How long does a bail bond last?
  22. What is co-signing?
  23. What is the process of getting bailed out of jail?
  24. What are the traits a good bail bond agent must possess?
  25. When does forfeiture take place?
  26. How long is a bail bond good for?
  27. What are the bail bond charges and fees in Pennsylvania?
  28. My friend has been arrested and needs a bail bondsman to get him out of jail. What are his different bond options?
  29. How Does a Judge Determine Bail Amounts?
  30. What are the benefits of hiring a bail bond agent?
  31. What types of bail conditions does a court impose before releasing a person on bail?
  32. What are some of the things I should be aware of before cosigning a bail bond contractual agreement?
  33. How can I speed up the bail bond process?