Bail bonds are a surety that is put up by a professional bail bondsman or corporation to ensure your appearance at your trial; in exchange you are out on bail instead of waiting in a jail cell for your trial.Do you want to learn more? Visit addressing recent changes
Making bail is important for several reasons. The most obvious reason is it makes you look less guilty if you aren’t serving time in jail for a crime you haven’t even been convicted of yet. And just as importantly, bail keeps you free and allows you to keep working to earn a living. Lawyers are only one burden you must bear while you are awaiting felony proceedings, you must still face the risk of charging legal penalties, expenses and compensation if you are eventually sentenced of the proceedings. With these upcoming and existing legal expenses, it’s not a smart time to lose your money.
In exchange for posting your bail bond, your bail bondsman will charge you ten percent or slightly more of your total bail amount. The bondsman must offer up ten percent of the overall cash bail needed by the court to satisfy the bail bonds sum. If you are facing a huge bail amount you may need to put up a security pledge such as a home mortgage to ensure if you don’t make it to court, the bail bondsman isn’t mortgaging his home to pay your forfeited bail.
There are just a couple of states that don’t require bail bondsmen to post the bail like Oregon, Wisconsin, Illinois and Kentucky. Such states would require the convict to post ten percent of their bail as surety to get out of bail. However if the original bail figure is high, ten percent could be more than several people would come up with. It can become a catch 22 when you can’t work to pay your bail or your attorney because you ‘re stuck in jail unable to make bail.
For states that allow bail bondsmen to post bail bonds for clients the amount of bail needed usually has to be large enough to make it worth while for the bondsman. For example if the bail amount is $1,000 the ten percent required is only $100 and the bondsman would hardly make enough on the transaction with their ten percent cut to make the case worth their time.
The risk to the bail bondsman is if the accused decides to jump bail and run. If the police or the bondsman recaptures a bail bonds runner, the money is forfeited to the courts and all belongings kept as insurance are then destroyed.