When a Bondsman Revokes Your Bond: Do You Still Have to Pay?

The question of whether you have to continue paying a bondsman when your bond is revoked can be quite complex. This article will explore the scenarios under which a bondsman may revoke your bond, the consequences of non-payment, and your legal obligations.

Scenarios for Bond Revocation

A bondsman may revoke your bond under several circumstances, with the most common being if you remain in custody beyond a specified court deadline. If this happens, the bondsman is entitled to receive the bail money back as they incurred no additional risk. However, if you are not in custody and the court deadline has passed, the bondsman may lose the bail amount and seek to recover the balance from the co-signer through the collateral provided.

What Happens to Collateral if the Bond is Revoked?

If the bondsman revokes your bond and you are still in debt, the collateral you or your co-signer provided will be liquidated to cover the outstanding balance. For instance, if the bond amount is $100,000 and you recouped $10,000 to get out of jail, you still owe the bondsman the remaining $90,000. If the court deadline has passed and the bondsman has lost their right to receive the full bail amount, they will attempt to seize your co-signer's collateral, such as a house or car, and then sell it to recover the money.

Consequences of Non-Payment

Failing to pay the bondsman can lead to severe consequences. Collectors may take legal actions to recover the money from you or your co-signer. They may also take the collateral, which often means losing your house or car. It's important to understand that your co-signer can face worse consequences because they provided the collateral and are contractually obligated to uphold the bond terms.

Legal Obligations and Recommendations

The specific terms of your agreement with the bondsman are key to understanding your obligations. Here are some key points to consider:

Review the Contract: Start by carefully reviewing the contract you signed with the bondsman. It should clearly outline your responsibilities even after the bond is revoked. Legal Consequences: Ignoring payment could lead to legal actions and collections. Be aware of the potential for fines, liens, or even imprisonment. Communication: It is advisable to communicate with the bondsman about your financial situation. They may be willing to work out a payment plan or provide alternative options. Consult Legal Advice: If you are unsure about your obligations, consult with a lawyer who can provide guidance based on your specific circumstances and local laws.

Conclusion

While a bondsman may revoke your bond, you may still have legal obligations to pay back any outstanding fees. Understanding the terms of your agreement, staying in communication with the bondsman, and seeking legal advice are crucial steps in managing your financial responsibilities. Remember, it's in your best interest to resolve these issues as quickly as possible to avoid further legal and financial troubles.