A Quick Rundown of Funds

A Beginner’s Guide to Bail Bonds

When a person is arrested and charged of a crime, the person will be taken by the police or law enforcement to jail for booking, wherein mug shots will be taken, fingerprinting, and will be asked for a statement. While awaiting his day in court, he will be held in jail unless the person is released on bail. A bail bondsman, bail bond agent, bail bondsperson or a bond dealer becomes liable to the court to pay the full amount of the bail if the defendant fails to appear before the court on a specified date.

There are four ways in which a defendant can be released from custody including the use of a bondsman, posting a cash for the full amount fo the bond with the jail or court, use of real estate property, and through the judge’s decision. The court sets the bail’s monetary value, and a bonding agency can act on behalf of the defendant so he will be released in exchange for money or colalteral in a form of either asset, bond, or cash. The bail agency or bail bondsman will ensure that the person will appear in court on the trial dates. United States is one of the countries that allow bounty hunting, so if the individual fails to turn up before the court, the bondsman or bounty agency can hire a bounty hunter to track the defendant. A bonding agency can be sought if you need to be released in court or your loved one, and the bail bonsman will be charging you about ten percent of the toal amount money as a profit or gain. This is often not refundable, even if the case is dismissed after the suspect posts the bail. The bail bondsman takes out a security against the defendant’s assets to cover the cost of the bail. In any event that the defendant will not have enough asset to cover the cost, the bondperson will take out securities against the defendant’s friends and relatives who are willing to shoulder the cost.

You need to be prepared to provide information to the bail agent so you can be helped such as the city, state, and the name of the jail, the booking number and the full name of the person in jail, and the amount of the bail. If you need to leave and go in another state or abroad, you need to seek the court’s permission as well as the bonding agency, otherwise, you’ll be arrested. While each bonding agency have their own standards, the different forms of bail collateral may include cars, real estate, credit cards, stocks, jewelry, bonds, bank accounts, and personal credits. Find out more about bail bonds by visiting our website or homepage now.

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