When I decided to budget a little more carefully, I had no idea how difficult it would be. Fortunately, I was able to talk with a few financial advisors who were able to point me in the right direction. One of the best pieces of advice I received was about setting a realistic budget. I learned how to effectively manage my money, so that I didn't have to worry about paying my bills or letting my accounts overdraft. This blog is designed to help people like me who have previously struggled with money. Check out these articles for financial advice that might help you to set a realistic budget.
Being accused of a crime does not necessarily mean one must stay in jail until their court date. Posting bail is one way that they can be released while awaiting trial.
Who Can Get a Bail Bond?
Anyone can get a bail bond for someone they know. The accused may be able to qualify for their own bond, although this is less likely to be approved because of flight risk concerns.
More often, bail bonds are secured for the accused by a family member that has stake in both the accused person's well being and can be held responsible if the accused flees before their court day. Close friends and even colleagues are others that may opt to secure a bail bond if someone they know is being held in custody for a crime.
How Are the Funds Secured?
There are a few ways that a bond is secured. First and foremost, rarely is the full amount of bail paid to the court. Generally, a percentage of around 10 percent is paid to gain release, but the full amount comes due if the accused doesn't appear in court as scheduled.
If the accused or their family and friends are unable to come up with the required security percentage, they can contract with a bail bond agency. The agency will put up bail in their stead, although agencies require patrons to pay them a small amount upfront. The accused or their representatives must provide a promissory note to repay the amount in the event that the accused misses court dates or otherwise forfeits bail. This may be done simply by signing a promissory note to repay, or it may be necessary to provide collateral, such as a vehicle title or property deed, that will be seized in the event bail is forfeited.
When Is the Contract Over?
The contract is over once the accused has completed their court required appearances and the bail amount is returned. This is typically at the conclusion of the case, after the sentencing hearing is completed.
Keep in mind that you will not get back the total amount that you initially paid to the bonds service, if you get back any at all. This is because that initial amount was primarily the lending fees that the service requires for putting up bail.
Contact a bail bond service if you need to help a friend or loved one.
Share