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A few years ago, I was in a pretty serious car accident. During the aftermath, I became really familiar with a lot of different types of lawyers. I worked with personal injury lawyers, insurance lawyers, and many others. Perhaps the most important, though, was the estate planning lawyer. I was really young, and neither my wife or I had thought about starting a will. But the accident kind of scared us into it. What would happen if one of us were to die? Even when still in the hospital, I was working with the lawyer to draw up a will. Now, I have some peace and security about what the future will be like if something should happen to me. And I have a lot of experience working with various types of lawyers! The accident was kind of a blessing in disguise in that way.

What May Happen If You Can't Pay Your Bond

Law Blog

Your bail bond must be satisfied according to the terms that your bondsman has outlined. Learn what could happen if you do not pay your bond as promised. Then, review some pointers that will keep you in good standing with your bail bondsman.  

Nullification

A bond is a legal agreement between you and the bond agent who serves you. If you do not follow through with the terms listed in your bond contract, your bondsman will no longer work for you. At this point, your bail is nullified. This essentially means that the amount of money that a judge ordered as bail will be your responsibility to pay.

In addition to your bail being nullified, you face legal troubles. Your bond agent will no longer be representing you. This means that a judge can order that you are rearrested. Because you failed to pay your bond as agreed upon, it may be difficult for you to receive help with receiving another bond from a different agent.

Avoidance

Avoiding your bondsman, due to not being able to pay them in a timely manner, is a big mistake. You should never try to avoid your bondsman. If you do so, the bond agent will try to find you. They may contact your relatives, your employer, and others who know you.

It is in your best interest to contact your agent as you are expected to. An agent may be receptive to you reaching out to them, plus may come up with a solution that will keep your bond in good standing.

A Revised Plan

A bondsman may revise your original contract. You will need to demonstrate that you have been trying to make your bail payments. If a reduction in work hours or an unforeseen emergency expense has prevented you from making your bond payments as outlined, the agent may be willing to work with you.

Your bond agent may lower your recurring payment amounts for the time being. If the agent realizes that you are in a temporary financial bind, they may be willing to lower the payments on a temporary basis. Once you get your finances in order, they may increase the payments back to their original amount.

An agent may also suggest that you use collateral to secure your bond. The agent you have hired will go over the types of collateral that you can use to secure your bond and remain in good standing with the bond agent.

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25 May 2023