A bail bond is a financial guarantee made by or on behalf of a criminal defendant that is used to guarantee their appearance in court through the end of their trial. Failure by the defendant to appear will result in a bail bond forfeiture.

A co-signer/guarantor is the person(s) willing to be responsible for the defendant while they are out on bail and who co-assumes financial responsibility, including guarantee of the full bail bond amount.

A bail bond is exonerated when the legal process/trial has finished. It does not matter whether the defendant is found guilty/innocent or if the case has been dismissed. At this point, the bail bond is discharged. However, any unpaid premium, fees or other amounts charged by the bail service provider are still owed.

A forfeiture occurs when a defendant fails to appear in court. If a defendant misses a court date, a bench warrant is issued for their arrest. It is possible in many cases that the bail bond may be “reinstated” by the defendant working with Monopoly Bail Bonds Wilco to report back to the court, which allows the court to set a new trial date for the defendant.

A summary judgment is issued by the court if, following a bail bond forfeiture, the deadline for reinstating the bond or returning the defendant to custody has passed. Upon issuance of a summary judgment, the full bail amount must be paid.