When someone is jailed, they can obtain temporary freedom by means of bail bonds. In here, you will learn what bail bonds are and how these are obtained.
Meaning of Bail Bonds
When we talk of bail bonds, we refer to the contract between four entities, the bail bond company, the court, the defendant, and the co-maker of the bail bond. In here, the broker has the responsibility of assuring the appearance of the defendant in the courtroom when summoned.
Usually, the families, relatives or friends of these defendants are the ones who contracts reputable bail bond agents to help in their release. The judge is the one who decides the amount of bail and the bail agent receives a certain percentage of this amount. The money is ordered by the court to prevent the defendant from traveling away. The charges of these bail bond companies varies from one area to another. For example, if the court decides to impose $100,000 for your felony case, then $10,000 or 10% of the amount will be paid by the bail bond firm to the court. Also, the bail amount will not be returned. By contracting these companies, you can save time, money and effort in raising the whole amount of $100,000. In case the defendants refused or failed to appear to the court whenever they are summoned, then these contracting bail bond companies will pay the whole amount to the court. Also, the fees charged by these bail bond firms differ from one case to another. For example, if your are arrested for misdemeanor, then they charge 20% fee and 10% for felony. To serve as their assurance, these bail bond companies asked collateral from defendants or they require reputable co-signor to sign the contract. Examples of the accepted collateral are cars, boats, land titles, or their houses. You can also request your dependable accountants to write off the amount of bail that you pay from your next fiscal year taxes.
Given the vital role played by bail bond companies and agents, we should know some reputable ones whom we can call whenever the need arises. Be sure to do some deep research to locate the trusted, established, and widely sought after bail bond companies and agents in the community. Make sure that you contract only those widely sought after and with optimistic reviews and testimonies from their previous customers.