When someone is jailed, they can obtain temporary freedom by means of bail bonds. Peruse this article further should you want to get additional insights and information about bail bonds.
Meaning of Bail Bonds
Actually, this is the contractual undertakings carried out by the court, the defendant, the bail bond firm, and the bail bond co-maker. In here, the broker has the responsibility of assuring the appearance of the defendant in the courtroom when summoned.
Most often, the families, close kin or loved ones of the defendants contracts bail bond agents to help them in the release of the defendants using bail bonds. The amount of bail will be decided only by the court judge and specific percentage of it will go to the agent. The amount is mandated by court so as to release the defendant and to ensure he or she will not flee from the area where he or she lives. The fee charged by the bail bond firm varies from different jurisdictions. 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. Remember that the amount paid to the court will not be refunded. It is advantageous to get the services of these bail bond companies because defendants and their families will save them from coming up with the entire 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 instance, if defendants are charged for felony, then they are charged for 10% fee and 20% for misdemeanor cases. To ensure that you will not flee, these companies require the defendants and their families to submit collateral or co-maker. Some of the collateral accepted by these bail bond companies are houses, cars, land titles, and boats. 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. Hire only those with positive feedback and reviews from their past clients.