All About Bail Bonds – How They Work and How They Can Help
It can be an uncomfortable, if not frightening, experience to go to gaol; particularly if it’s something you have never encountered before. Getting out of a prison atmosphere and back home as easily as possible is in your best interest, and posting a bail bond will help you do just that. Here’s a brief description of bail bonds: how they function and how they can help when it gets tough. Link like this provides more info.
A judge can set a certain amount of bail for that person in order to ensure a court appearance by a defendant. Posting the sum of money to the court helps to ensure the at each and every scheduled court appearance, a defendant will be or will face forfeiture. The individual will leave the gaol atmosphere in exchange for posting bail, and go back home while awaiting further proceedings in his case. If a defendant does not have ample personal capital, he may opt to receive a bail bond to cover bail funds. This is how it works here:
When bail is requested, the defendant’s friend or relative may contact a bail agent or bondman to arrange for publication.
—There must be a co-signer on the bond since the bail bond is essentially a loan. In order to qualify, this co-signer typically needs to provide evidence of income, or else he or the defendant must be able to provide collateral to support the sum of the bail. There must be an understanding with the parties that if the borrower fails to hold up his end of the deal with the court, the co-signer will be liable for the loan.
—A proportion of the amount of bail set by the judge as payment is obtained by the bail agent or bondman.
—When a borrower fails to appear in court at any time or leaves entirely, the co-signer is liable for repaying the loan in full.
It is in the best interest of the co-signer to make sure that the defendant is where he wants to be at all times , regardless of how the procedure operates. Bail bonds can really get anyone out of some precarious situations: it is never a good idea to remain in prison for any amount of time, after all, and should be avoided if possible.