What You Need To Know About Bail Bonds

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People get in trouble with the law from time to time. At times things happen that are out of control. At The Firm Bail Bonds, we want to ensure that you know that we’re here to help you. That’s why we want you to understand what bail bonds are and how bail bonds downtown can assist you.

Citizens that are unable to afford bail and spend their time waiting for trial tend to receive harsher sentencing; this is why bail bonds exist. A bail bond is essentially a loan. The accused family or friend goes to a guarantor, the lender and pays them either a small percentage of the set bail or offers collateral. The bondsman then pays the entire bail amount to the court.

Understanding how bail bonds work is essential because you need to know that you have options should you, or your loved one is arrested. Here are a few important things you should know about hollywood bail bonds.

What is a bail bond

A bail and a bond, though often used interchangeably, are not the same. Bail is the money the accused must pay to get out of jail. A bond is a written agreement for the defendant to appear in court. A bond is usually posted on the accused’s behalf by a bond agent.

After the accused is arrested a court officer, usually a judge, will either set a bail amount with conditions or deny bail to the defendant. Bail is the fee that the court charges for the release of the accused. The court sets the bail price and the accused, his or her lawyer, family member or friend pays the bail for release.

How Do Bonds Work?

A bond agent is a private business that citizens go to for a loan when the bail is too expensive to cover on their own. The bond agents will then post the full amount of bail on the defendant’s behalf. If the bail is set to $10,000, the bond agent will charge a non-refundable fee of $1,000 to post the full amount of the bail.

If the defendant fails to appear in court as agreed upon in the bond agreement, the agent does not get the $9,000. The person who hired the bond agent will then have to pay the agent for the outstanding amount.

When Does A Forfeiture Take Place?

A forfeiture occurs when a defendant fails to appear in court. If a defendant misses a court date, a bench warrant is issued for their arrest. It is possible in many cases that the bail bond may be reinstated by the defendant working with The Firm Bail Bonds to report back to the court, which allows the court to set a new trial date for the defendant.

What is a Summary Judgement?

Summary judgment is issued by the court if following a bail bond forfeiture, the deadline for reinstating the bond or returning the defendant to custody has passed. Upon issuance of the summary judgment, the full bail amount must be paid.

At The Firm Bail Bonds, we want you to have all the information you need because we know the importance of taking care of our loved ones. If you have any questions, don’t hesitate to contact us.

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