How do Bail Bonds Work
Paying bail to get out of jail might sound simple at first. When a person gets arrested for a crime, someone else can pay money, and the person can go free. While it’s how bails work, there’s a more important aspect to it during the whole process. What is bail? How do a Bail Bonds work?
What’s a Bail?
Bail pertains to the temporary release of an accused person awaiting trial. This term can also refer to a set amount of money that acts as insurance between the person in jail (defendant) and the court. The money ensures that the defendant will return to court for the remainder of the criminal justice process.
What’s a Bail Bond?
A Bail Bond is one of the forms of bail payment. This is provided by a Bail Bond agent on a defendant’s behalf. It’s a type of surety bond that secures the release of a defendant from jail.
How do Bail Bonds Work?
Bail Bonds are for defendants that can’t pay the bail amount on their own.
Pricing for bail bonds in Connecticut is regulated by law; rates are as follows:
The rates are as follows:
– Up to $500 – $50 (fixed rate)
– $501-$500 – 10%
– $5001+ – 7%
Processing bail bond with The Bail Company is simple. After some time, the bail amount will be discussed with the defendant. If you can’t afford to make the full payment, you can contact us to secure a bail bond. You or a co-signer will need to submit a few pieces of information, then pay a non-refundable fee of 10 percent.
The rest of the bail amount will be in the form of collateral. As the Bail Bondsman collects the collateral and discovers that the defendant doesn’t have enough, seeking out assistance from relatives and friends will be the next step.
Often, the Bail Bondsman requires an additional cash payment and full collateral. After all of these are set, the next things will depend if the dependent appears in court after being released.
What happens if the defendant fails to appear in the court?
The Bail Bond will be forfeited once the defendant fails to appear in court. It also means that the court required the remaining 90% of the bail to be paid. To pay the bail amount, the Bail Bondsman will use the defendant’s collateral. From the house, jewelry, stocks, etc., all of these will be used to pay the court of the remaining bail amount.
What happens if the defendant appears in the court?
Once the court case has been concluded, the Bail Bond will be dissolved. The collaterals will then be returned to the person who deposited it. The 10% of the cash fee remains to the Bail Bondsman as their profit.
Having the help of a Bail Bonds company can be easy in some states. In other areas, having Bail Bonds isn’t allowed. Know more about how to secure approval by reading our related articles.