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.
What Bail Bonds Are?
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.
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 charges of these bail bond companies varies from one area to another. For instance, if you are charged for felony and the court judge implemented $100,000 as bail amount, then the bail bond firm that you contracted will pay the court 10% of it or $10,000. Remember that the amount paid to the court will not be refunded. 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. Moreover, the fees charged by these companies differ from one case to another. For example, if your are arrested for misdemeanor, then they charge 20% fee and 10% for felony. To ensure that you will not flee, these companies require the defendants and their families to submit collateral or co-maker. Examples of the accepted collateral are cars, boats, land titles, or their houses. Defendants can also request their accountants to write off these bail amounts from their taxes in the coming year.
If you don’t want to experience any challenges and headaches in locating bail bond companies in the future should the need arises, then be sure to know some licensed, trusted, reputable and accredited ones as early as now. 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.