Here is How a Bail Bond Company Work

Here is How a Bail Bond Company Work

General 0 Comment

A bail bond is a written promise signed by a defendant and surety to ensure that a criminal offender will appear in court at the scheduled time and date of the trial as ordered by the court. The bail amount is set by the court and its process starts with a defendant being released on bail.

 

Nowadays, Bail bond companies become more popular not just in a certain country, but almost all over the world. In fact, when you search “bail bonds in Atlanta” or other places, there are several choices of bail bond companies you can see. But before you hire one, here are the things you must consider.

 

Function

Bail bonds are paid to the court and let the suspect to return to the community until his trial starts. In situations where the suspect cannot raise the bail through his individual finances or friends and family, the bail bond company puts up the bail for a fee. If the accused leaves, the bond agency must pay the court.

 

Types

Judges issue three main types of bonds that a bond agency deals with. Cash bonds demand payment upfront and are one of the most effective for enticing a suspect to show up for court. Surety bonds demand the bond agent to guarantee payment if the accused flees. Property bonds are similar to sureties, but the court puts an actual charge on a property.

 

Process

Unless the judge releases a person because the suspect poses no flight risk or threat to the community, a friend or relative must reach a bail bondsman for the accused. The bondsman requests a profile of the suspect, such as his occupation and police history, to ascertain the chances of him fleeing. The person bailing out the jailed agrees to pay the bail if the suspect flees, and the bondsman goes to the courthouse to pay the bond.

 

Effects

If a suspect fails to arrive before his judge, the law considers him a fugitive. The bail-bonding company has to hunt down the fugitive or reimburse the court for the bond cost. Bond agents have a security fund for such circumstances because the companies that insure bail bondsmen require it. Bondsmen take most of the risk for bonds on refugees because insurers usually only pay if the bondsman cannot satisfy the bond. If the bond firm cannot find the suspect, it has to go after the assets of the fugitive or whoever demanded the bond.

 

Author

Back to Top