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What happens to collateral given to a bail bond agent should a defendant fail to appear and the court orders the bond forfeited?

April 26, 2017agent appear BAIL Bond collateral Court defendant fail given happens

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What happens to collateral given to a bail bond agent should a defendant fail to appear and the court orders the bond forfeited?

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The court will order the cash value of the bond paid by the bail bond company. Property given as collateral can be sold by bonding companies to provide cash for the bond, if necessary. Any contract regarding the collateral and/or cash deposits is between the bail bond company and the person obtaining the bond. The court cannot and will not intervene.