Controlling Your Personal Finances While Running A Business

How Bail Bondsman Work

When someone is arrested, they are taken to the local police station and booked. That person will then sit in jail until they go to court or they can be released on bail. Bail is a financial amount that the person agrees to pay so they can be released from jail. The amount of the bail is set based on various reasons and differs for each case.

How does bail work?

Bail is set in place by a bonding agency on behalf of the defendant. The bail can be monetary or it can be a form of collateral, such as assets the defendant has. The court will be the one to set the value of the bail. It's the responsibility of the defendant to pay the bail if they want to leave jail. The defendant must agree to return to court for all future mandatory court dates or they will be returned to jail. In the United States, bounty hunters make a career out of finding people who skip out on their court dates after being released on bail.

What are bail bondsman?

A bondsman will work with the bonding agency and receive a certain percentage of the bond amount. If the defendant doesn't have the required amount for bail, the bail bondsman may take out securities from friends and family members of the defendant to help them reach the required amount. Securities usually consist of 10% of the bail plus a mortgage that covers the amount of the full bond. The bondsman is often the one who will hire the bounty hunter to track down people who don't show up for court. A bondsman can sue the defendant for any money that the court was paid towards the bail. The bail bondsman has a duty to make sure the defendant shows up since they are placed in their custody after the bail hearing. If the defendant skips out, the bondsman may be held responsible.

Conclusion

If you find yourself accused of a crime and set out on bond, it can benefit you to hire a bondsman. Instead of trying to come up with thousands of dollars at a time, you only have to pay a percentage and the bondsman will cover the rest. Once you appear in court, the bondsman will collect the rest of their funds from the court after the proceedings have concluded. If you don't have the 10% you can use your vehicle or other property for collateral. Your friends and family may be able to secure you a bondsman if you are unable to. Your lawyer may also be able to help you find one.

Contact a bond company, like Betty Bail Bonds, for more help.


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