Patty G
Retired WS Staff
This you tuber has lots of videos all nicely placed together of all the shows concerning the Casey Anthony case. Padilla's been here over 10 days, so he is on lots of the shows and gives detail about the bond etc.
http://www.youtube.com/profile_videos?user=bigjuicykungfu
If I am not mistaken, this bond of $500,200.00 is basically paper, like an insurance policy. However, BH Padilla pays Tony $50,000.00 to get this secured insurance, of which, to BH Padilla paid in full for the insurance. BH Padilla has stated numerous times, it's like car insurance, you pay for it and if you don't use it, you don't get your money back.
Tony as bondsman (like a automobile insurance company) was paid $50,000.00 to get the insurance and BH Padilla is out $50,000.00.
Now the average Joe, if needed to bail someone out and didn't have $50,000.00, they might put up there house. You can't bring a house to the court of clerks, but you bring paperwork, sign it, and should the criminal take off and never found ... you could lost your house!
I may be totally wrong, but this is how I understand it to be.
Should they revoke the bond, the $500,200.00 piece of paper is null and void, BH Padilla is out $50,000.00 and Tony is in $50,000.00.
http://www.youtube.com/profile_videos?user=bigjuicykungfu
If I am not mistaken, this bond of $500,200.00 is basically paper, like an insurance policy. However, BH Padilla pays Tony $50,000.00 to get this secured insurance, of which, to BH Padilla paid in full for the insurance. BH Padilla has stated numerous times, it's like car insurance, you pay for it and if you don't use it, you don't get your money back.
Tony as bondsman (like a automobile insurance company) was paid $50,000.00 to get the insurance and BH Padilla is out $50,000.00.
Now the average Joe, if needed to bail someone out and didn't have $50,000.00, they might put up there house. You can't bring a house to the court of clerks, but you bring paperwork, sign it, and should the criminal take off and never found ... you could lost your house!
I may be totally wrong, but this is how I understand it to be.
Should they revoke the bond, the $500,200.00 piece of paper is null and void, BH Padilla is out $50,000.00 and Tony is in $50,000.00.