You will need to opt for bail bond when you find yourself in a situation that you are arrested, but you aren’t in a position to pay the full bond. As the defendant you will be released for the court will have surety bond that you will be showing up for your trials. If you fail to show, it is the duty of the company to meet the full bond amount which is then surrendered to the court. Depending on the location you are arrested in the bonds will vary. Following are critical factors to understand about bail bonds read more here.
Ensure you comply to the terms of the contract you sign with bail bond firm that is the agreed amount you are to meet you should see that you pay it. Failure to pay will result to the company suing you in civil court. When the case is complete, that is to term as a civil affair. In this situation, if your bail bond contract was including collateral, means there is involvement of assets. Note that the company will be claiming your assets when you fail to comply to the payment of the amount you are to pay to them. If there is a surplus after the company sells the property to offset the payment they will pay it back. When having no secured collateral that means you will be taken to court.
When the case is over the bondsman will charge you most likely 10{9240367ca7c9081b6a95881a33af9ca7e989cb22e61da32c0614062dd38653a2} of the bond they paid for you. Understand that when the case is complete, you will have back your collateral. But note money is never refunded that is how the bail bondsman makes their living that is even if the charges are dropped. Understand that the bondsman has the authority to revoke the bond. That is possible when you fail to go to the court and they have evidence as the defendant you may forfeit the bond. The company will not waste time to protect their interest that means they will turn you in.
One of the question that individuals always ponder over is how does the bail bonds cost. The cost of a bail bond will depend on the location. The bail bond cost will range from 8-10{9240367ca7c9081b6a95881a33af9ca7e989cb22e61da32c0614062dd38653a2} of what the courts do set. Understand in a situation like the bond is set at $50,000 the cost will be about $50,000. No discounts or reduced bail bonds if the firm bailing you asks for collateral.
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