What is the Meaning of Bail Bond and how Bail Bonds Work?
Paying your loved one’s bail can never be an easy task. It can get really expensive and hectic to get them out of jail. Also, the whopping amount of the bail can put you in hassle, and you might have to sell your assets. And not only arranging the amount can be a big issue, but the whole process can get intimidated as well.
Bail is the amount set by the court to get the defendant out of jail. It is an amount which is merely affordable by most of the defendants or their loved one themselves.
Often, you might get in severe stress and trouble during the process. Here, you will require the help of bail bonds. But, what are bail bonds, the advantages of hiring them, and how bail bonds work? Let’s understand the meaning of bail bonds, and how do they work in helping your loved one get bail.
Meaning of Bail Bond
A bail bond is an agent that will help you to get the defendant out of jail. They help in securing the release.
Advantages of Hiring a Bail Bond
A bail bonds agent is the professional that you should go to whenever you want to get bail for your loved one. They are professionals and know their job right. So, they will be able to help you to get your loved one out of jail. Here are some of the advantages of hiring a bail bond.
- Save money: Hiring a bail bond will save money as they only take 10% of the bail amount.
- You won’t have to get your assets liquidated: As you will have to pay only 10% of the amount, so, you won’t have to worry about selling your assets.
- Avoid any investigation: You might post the full bail amount, but it can raise suspicion and you might have to face a financial investigation. This can be avoided whenever you choose to hire a bail bonds agent.
How Bail Bonds Work?
First of all, a bail amount is set up by the judge once a person gets arrested. In the case, a defendant and the loved one aren’t able to afford the amount, then, a bail bonds agent comes into the picture.
To post the bail bond, the agent will require only 10% of the bail amount which is quite affordable as compared to paying the full amount.
What happens after the bailed defendant fails or is successful to appear in court after they are released?
- If the defendant doesn’t appear in court: The bail bond gets forfeited and the remaining 90% amount has to get paid. The bail bonds then use the collateral of the defendant to pay the court’s left bail amount.
- If the defendant appears in court: The bail bond gets dissolved once the court case gets concluded. The collected collateral is given back to the person who posted. The bail bondsman gets the 10% cash fee as their profit.
In the above-mentioned information piece, everything from the meaning of bail bonds, advantages of hiring them, and how bail bonds work is discussed. Each of them is highlighted in a detailed manner, so, you will get to understand each of them separately.
Hiring bail bonds is one of the right steps to take whenever you have to get a defendant out of jail. And if you are seeking help to get your loved one out on bail, then, don’t forget to connect with VIP Bail Bonds. We are the professionals that you should contact. Connect with us today so that you can easily get your loved one out on bail.