Tag: Bail Bonds Group
A bail bond is a legal agreement between a person posting bail and an obligee, which is a third party, that guarantees to pay the amount of money if the defendant appears in court and is found guilty. When posting bail, it is done through a bail bondsman. Bond agents manage the bail bonds business and ensure that the right payments are made to the bail bondsman on the agreed terms. They also make sure that the payments are made on time and in full. This ensures that the defendant does not run away and does not violate any other law. Bail bondsman can also be a lawyer who specializes in bail bonds or he can be a judge who authorizes the release of the defendant.Do you want to learn more? Visit Connecticut Bail Bonds Group-Bail Bonds
To post bail, a person must have a valid license from the relevant authorities. A bail bondsman plays an important role in ensuring that the defendant appears in court and is declared guilty. If the defendant fails to appear in court on the specified date, the court decides its decision on its own. The bail bondsman therefore has the responsibility to find the defendant.
Bail bondsmen also help the accused by providing them financial assistance if they cannot meet the bail amount due to certain reasons like lack of funds. Certain factors like unemployment and past criminal record also affect their availability to post bail. There are many bail bondsmen who help the defendants by finding them jobs in exchange for a bail bond. In most cases, the defendant posts a bond with the bail bondsmen and later if he fails to appear in court, the bail bondsmen releases the defendant from jail. But the bail bondsmen must keep in mind that if the defendant fails to appear in court within the specified time, his bond becomes forfeited.
A point in your life may come when you or a loved one gets arrested and has to post bail. This can sometimes be triggered by a simple accident, false arrest, or at the wrong time being at the wrong place. No one wants to wait in jail for trial, so before an incident occurs, it’s best to have a good bail bond service in mind. Browse this site listing about Connecticut Bail Bonds Group
It is possible to ensure their release using one of two means after a judge sets a bail sum for a defendant: cash or guarantee. There are obvious variations between these two approaches, and before going on, everyone should know what they are.
Having With Cash Out
This approach is very straightforward. If $50,000 is the amount set for the release of a defendant, that exact amount can be paid in cash and the defendant is released. Till the court adjudicates, the money is then held as collateral. The money is returned when the case is over and all appropriate court appearances have been made.
Surety: The Traditional Route
Many individuals don’t have to put up $50,000 as collateral and instead prefer to employ a bail bond service. The defendant will usually pay 10 percent of the bail amount to a bondman, and the bondman will put up the entire amount for the release of the defendant. Again after the trial is over, the entire bail amount is returned, but the bondman will retain the 10 percent as payment for his services.
There are some risks
There are a number of dangers that go along with securing the release of someone. The suspect can fully escape to avoid prosecution, in which case the cash is forfeited and a bench warrant is issued. Within the reach of the statute, the bail bondsmen will then do whatever they can to trace the suspect and return him or her to prison. Often, there will be bounty hunters hired. Not just because these individuals will do everything in their power to find and arrest you, it is not advisable to skip bail, but extra charges will definitely be added to the initial claims against you.
Between cash and security bonds, there are big variations, and the option is a matter of personal conviction. If you have enough money without suffering devastating financial consequences to post bail, and/or if you trust the individual you are bailing out then your best bet may be a cash bond. However a guarantee is the best way to secure time at home during a trial for most individuals.