Bail Bond Questions are frequently asked because many people do not have a clear idea of how a bail bond works; often, people just learn about what it is for when they find themselves or a loved one on the opposite side of the law.
Basically, a bail bond is a written promise that is signed by a defendant; it serves as surety that the “released” defendant will make an appearance in court at the set time and date of the court, and it comes with an amount of money that’s also set by the court.
“To enlighten you more about what a bail bond does and how one can get it even if they do not have any money.”
Below are three of the most frequently asked bail bond questions (along with the answers to them).
- Is it possible to get a bail bond even if I don’t have the amount of money set by the court?
Yes. You can use a bail bond agent to cover the bail amount. You just need to fill out a loan application at the bail bond company to cover a percentage (10% is typical) of the bail amount.
Now, if you do not have any cash, you can use any type of collateral to put up for the money that the bail bond agent will be providing.
Then, you will need someone to co-sign for you — a guarantor who will be responsible for the money you owe the bail bond agent should you fail to fulfill the court’s demand for your appearance.
- What forms of collateral do bond agents accept?
Credit cards, cars, electronics, stocks, bonds, jewelry, bank accounts and real estate may serve as collateral.
- What happens if a defendant fails to appear in court as instructed by the judge?
The judge will issue a warrant of arrest for the defendant and the bond will be forfeited. The bond agent, however, can prevent this by finding the defendant within 90 days after the missed court appearance of the defendant, and then turning him in to the authorities.
A defendant that “skipped town” will be put to jail and the bail bond agent will get to keep the entire amount of bail set by the judge as the defendant serves time or pays off the money he owes, which includes Court costs.
For more bail bond information, get in touch with a bail bond company in your area. They will be able to provide answers to all the questions you may have about the arrangement and even provide advice regarding contracts, promissory notes and other documents involved in surety bonds.
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