When a defendant hires a bonding agency, a Denver bondsman will put up the money to get the defendant out of jail. In return, the Denver bondsman will most likely require collateral for protection against loss if the defendant “jumps bail,” or fails to meet the terms of bail, laid down by the court.
Collateral is something of value owned by the client, like a car, a piece of jewelry, or personal property. The amount of bail will determine the value of the collateral.
When the case has been determined, no matter the outcome, and any financial liability has been met by the defendant, his/her collateral will be returned.Tags: Denver Bondsman