How A Bail Bond Works?
What Is A Bail Bond? When a person is arrested for being suspected of committing a crime, they are either held in prison or released on bail. Bail is money that a defendant pays to the court to be let out of jail. This is meant to assure that the defendant will show up to court.
What Is A Bail Bond Agent? Very often a bail is set at thousands and thousands of dollars. As in the case of many people, if a defendant finds themselves unable to pay the bail, they can seek out the services of a bail bondsman. A bail bondsman can post the bail allowing the defendant to get out of jail. In turn, the defendant must pay the bail bondsman typically ten percent of the total bail amount.
What Happens If I Cosign A Bail Bond? Through co-signing a bail bond, you the cosigner are liable financially to pay the full amount if the defendant fails to appear in court. This can, obviously, be a very financially risky move as your house or other property may potentially be up for forfeiture.
What Happens If The Defendant Fails To Appear In Court? If the defendant fails to appear in court, then the bail bondsmen are out for the ninety percent of the bail not paid by the defendant. The bail bondsman will pay this through whatever collateral the defendant or cosigner have been it property, stocks, and assets. A bail bondsman or bounty hunter can come after a defendant for skipping bail, especially if the defendants collateral damage fails to cover the cost of bail. The laws and policies governing bounty hunters differ by states, but typically the bounty hunter has the right to access the private property of the fugitive, but no one else’s. The bounty hunter can usually use force to make an arrest, but not excessive especially none involving any innocent bystanders.
What Happens If The Defendant Appears In Court? If the defendant appears in court until the end of the case, the bail bond is waived and any risked collateral is returned. The bail bondsman typically keeps the ten percent paid.
Where To Go: For the best, more reliable, affordable and accessible bail bonds in Los Angeles, in your own or a loved one’s time of needs go to Sharky and Stephen. Sharky and Stephen had the lowest rates with flexible payment plans for bail bonds in Van Nuys.
