Getting To Know More About Bail Bonds

Being arrested does not get any better with time. A process called as Arraignment is done, where the suspect has to face the judge after the initial booking and holding cell placement. At this time, the judge will hear about the charges and will ask the detained to file a plea. If ‘not guilty’ then there is going to be a formal trial. This date could be in months or even years away, the judge is then going to decide if the accused person is reliable enough to remain out of custody before the trial actually starts.

In order for the court to acquire a financial compensation in return, it generally asks for bail money and it mainly depends on how serious the charges are against the person. For instance, if an individual has been charged with murder, he perhaps be given a $500,000 bail, which means that the person is liable for the stated amount if he fails to appear in the court. Most people are unable to afford the bail amount, so they get in touch with specialists known as the bondsman who could arrange for bail bonds.

A bail bond agent or bondsman is a corporation or an individual who acts as collateral and property or pledge money as bail for the appearance of the criminal defendant in the court. Though, banks, insurance companies and other financial institutions are generally the sureties on such contracts, for instance, to bond a contractor who is under a contractual obligation to pay for the completion of a construction project, such entities are quite hesitant to put their depositor’s funds at risk involved in posting a certain type of a bail bond. On the other hand, the bondsmen are generally in the business to cater criminal defendants, usually securing their release in merely a few hours. Read more here

There are numerous bail bond agents operating in the USA. In other countries, bail is typically more modest and the practice of bounty hunting is considered illegal. There are several people out there who purposely skip town after they have posted their bail bonds; there is also a need for a distinctive occupation called as the bounty hunter. The bounty hunters are basically private individuals who can be easily hired by the bondsmen to track down and bring back those clients who failed to appear in court.

As the bail bonds that are issued by private agencies can be quite expensive and non-refundable, several courts have come up with another approach that could help the accused and their families. In lieu of the entire bail bond, the court accepts a 10 percent cash amount directly. This is the same scenario that calls for bail bond agents in the first place, but those who have means could easily generate the amount as they do not have to go through any intermediary. In essence, the agents’ works much like other short-term, high-interest, lending institutions. And the repayment terms could be brutal.

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