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Law Firm To Collect $35M In Forfeited Bonds
Legal Business |
2011/07/11 00:51
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A law firm will be appointed to collect about $35 million in forfeited bonds owed to Dallas County.
District Attorney Craig Watkins said Wednesday that a law firm, to be selected later, will get to keep 25 percent of the amount collected.
A recent local newspaper review found that many of the uncollected defaulted judgments date back decades. The newspaper reports that Dallas County has been hampered by outdated computers, poor oversight and lack of coordination among departments.
Defendants post bond to get out of jail, paying bondsmen usually 10 percent of the amount set by a judge. If the person doesn’t show up for court, a warrant is issued and the bond is forfeited.
The review found many companies failed to pay Dallas County the full amount. |
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