In case you or any individual out there is jailed, then need not worry as you can get your temporary freedom with the use of bail bonds. Peruse this article further should you want to get additional insights and information about bail bonds.
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. Actually, the broker has the responsibility of ensuring that the defendant will not fail to make appearance in court during trials or 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 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 fees charges by these bail bond providers differ from one place to another. Example, if the court charged you with felony and has imposed $100,000 as bail amount, then usually, it requires the bail bond firm to pay 10% of it or $10,000. 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. Moreover, should the defendants refused to appear when they are summoned or called by the court, then these agents or bail bond firms will pay the full amount mandated by the court. The charges asked by these bail bond companies vary according to the type of cases filed against you. For example, if your are arrested for misdemeanor, then they charge 20% fee and 10% for felony. Collateral are normally required by these companies from defendants and their families to ensure their presence whenever they are summoned and to prevent them from fleeing away or they are required to have reputable co-signor to sign the contracts. 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.