This Simple Guide to Bail Bonds Will Teach You All You Need to Know
In the era of television and the internet, everyone has heard of bail bonds, but most people have no idea how they work. If you suddenly find yourself needing a bail bond, learning the intricacies of the process may be daunting. ABC Bail Bonds, however, is here to help you understand the ins and outs of bail bonds. With this short guide, you will learn all you need to know about what bail is and how bail bonds work.
What Are Bail Bonds?
When a judge sets someone’s bail, it is usually at a level too high for most people to pay. Instead of paying this total price, a person may purchase a bail bond, a type of surety bond.
The kind of bail bond available to defendants depends on the circumstances of the trial.
In criminal cases, a court uses a criminal bail bond to ensure that the defendant shows up to trial and is financially responsible for the court’s fees. In civil cases, courts use a civil bail bond to ensure that the defendant can pay expenses accrued during the trial.
Is Bail The Same As A Bond?
A common misconception is that bail and bail bonds are the same. However, the two are pretty different, and one cannot exist without the other.
The term bail refers to an amount of money set by a judge. This amount is the total sum that a defendant must pay for release. The sum is usually high but representative of the accused’s crimes.
However, a bail bond is a surety bond a defendant or one of their family members may purchase to cover the total amount of bail. The bail bond itself only costs a small portion of a defendant’s bail. By law, this amount is usually set to somewhere around 10% but can be lower depending on particular situations. A bail bonds company will assure the rest of the bail money with the defendant or co-signers property(real estate, jewelry).
How Does The Process Work
Let us suppose that a court sets a defendant’s bail at $100,000. The defendant could choose to pay that entire sum to secure release from custody, or they could purchase a bail bond for around $10,000 and then be released.
If a defendant arrived at their court date and paid in full, the court usually returns their bail. If they bought a bail bond, then the company which sold them the bond keeps the premium used to purchase the bond and nothing else. However, a defendant who does not show up to court forfeits their bail if paid in full or possessions if they bought a bail bond. A bail bonds company must seize a defendant’s possessions because the company used them to back the rest of the cost of the bond.
Where Can People Find Bail Bonds?
The best place to get a bail bond is a professional company such as ABC Bail Bonds. These companies are the only ones that are willing to navigate the difficulties that arise when bailing people out of jail. Because of the high sums of money involved, the bail bonds business is a high-risk business.
When choosing a company to handle the delicate matter of bail bonds, make sure that they are a reputable organization of professionals with experience in the business. Better yet, contact an ABC Bail Bonds agent today and get the very best service in bail bond available anywhere.