Monday, 5 September 2016

Get a Clear Picture about Bail Bonds



Background of Bail:
When somebody is being arrested on the basis or suspicion of crime, then that particular person will be taken by the law enforcement agents to the jail for booking. Well, during this procedure, the individual will have a mug shot taken, asked for statement, he/she will also be fingerprinted. While waiting for his/her day in the court, the person will be held in the dungeon unless he/she is being released on bail.

What is Bail?
Bail is nothing but a financial arrangement that bail bonding firm would make on behalf of criminal perpetrator. A bail bonding firm, acting for the suspect, would arrange with the court to a defendant released from dungeon pending the hearing in exchange for collateral or money which may be bond, assets or cash. The court fixes the monetary value of the bail.

The bail bonding firm is then accountable for confirming that the person arrives at court on the day of his/her hearing. If the person does not present in the court, that time bail firm may hire a bounty hunter for tracking the person down. A bond is definitely a guarantee that the full amount of the bail will be paid but there are some who would accept either full bond or 10% cash down payment for suspect’s release. Well, after going through this much extent, you have definitely gained some idea about bail bonds.

How Bondsmen and Bonds Work?
Well, when a bail bondsman is working with a bail bonding firm then he puts up fee for the release of the defendant on bail. The bondsmen usually charge a fee of 10% of the amount of money that is needed to pay the bail. But this initial charge is not refundable.

The bondsmen will take out a security against the suspect’s possessions in order to cover the fee of the bail. If the suspect won’t have enough properties, that time bondsmen might take out the securities against the persons who are quite willing to cooperate, like friends and relatives. When a security is being taken out, bondmen sometimes needs that 10% cash payment along with the loan on an individual’s home that will be equivalent the whole amount of bail bond money owed.

In this event if the suspect does not present in the court on hearing, bondsmen can not only hire bounty hunter for tracking the suspect down but also the bondsmen have the right to sue the suspect for money that was already given to court for suspect’s bail bond.
Well, now you have gained a clear concept about bail bonds.

No comments:

Post a Comment