Any collateral taken from the signer(s) of the bonds will be returned to its rightful owner(s) immediately following the final payment of all premiums and the bond has been verified “exonerated” by the court.
However, should a forfeiture of the bond occur, any and all collateral may be lost. It may be liquidated in order to pay the face amount of the bond which includes any other unpaid premiums and/or expenses. It’s important to read the details of the contract prior to signing over any collateral for a bail bond. We are always happy to answer your questions about collateral and the bail process.
