A bail bond is basically a written promise that the defendant and surety sign to make sure that the criminal defendant shows up in court on the scheduled date and time as ordered by the court. The court sets the bail amount.

Aspects of Bail Bond

  • When a person is arrested for a crime, they are usually held in jail until the date they are required to appear in court or until they are released from jail on bail. The judge sets the bail during a bail hearing and this amount serves as a form of insurance between the person in jail and the court.
  • Since bail can be set to amounts that are deemed to be unaffordable, a defendant may seek the services of a bail bond company, which is comparable to a lender who solely deals with payments that are necessary for getting people out of jail.
  • Bail bond companies typically assign bail bonds agents to post the bail for the defendant. A surety, also known as the bondsman or bail bond agent, pays the bail. The bondsman typically collects a percentage of the bail amount as a fee for the services being provided.

Collateral

In order for the bail to be paid so that the person can be released from jail while awaiting trial, the agent may need collateral in the form of a creditworthiness statement, securities or valuable property.

  • Bonds that exceed $1,000 often involve the defendant paying the surety 10% of the bond. There may also be additional fees. The agent proceeds to secure the rest of the amount required for bail in the form of collateral. Find out more at bailbonds4u.com/locations/dayton.
  • In case the defendant does not have sufficient collateral, the bail bond agent may seek out friends and relatives to help cover the bail amount.
  • The collateral can be used to pay the court the remainder of the bond if the defendant does not appear in court on their scheduled court date.
  • The court is paid the cash bond and the bail bond agent collects the collateral along with any other related fees. However, if the defendant appears, the bail bond will be dissolved after the court case is concluded and the collateral will be returned to the person who posted it.
  • The percentage of the bail charged is kept by the surety as earnings or income.

Appeal Process

A bail bond aims to fulfill the goal of preventing the appeal process from being abused when the intent for appeal is for another reason other than what it is intended for.

Posting Bond

After the judge sets bail, the suspect is typically eligible for release once the bail has been posted in cash or assets. They can seek the services of a bail bondsman if the defendant or their family does not have sufficient money or assets to cover the bail.

The bondsman usually takes a percentage of the posted bond amount depending on what is stipulated by the state and supplies the rest of the money in order for the suspect to leave jail and continue with their day to day lives.

0 Shares:
You May Also Like
Read More

How Apps Can Help Your Business Thrive

There are many things you can use to help your business thrive, but apps are certainly up there. They represent how powerful technology has become, and how much it matters to our businesses. So, check out how apps can help your company thrive and grow as much as possible.

Connecting with more people

As a business owner, you should always be looking for ways to connect with as many people as possible. And the way to do this is to ensure that you use apps to your advantage. For instance, you might consider creating a business app.

This will allow you to interface and connect with a whole new set of customers. You will be able to appeal to them through their smartphones wherever they may be. And this is an excellent way of raising brand awareness, and connecting with more people.

Do work on the move

When you run a modern business, you’re going to find you’re a busy person. You will be moving around a lot and traveling quite a bit. And this is where you need to make sure you have plenty of apps.

You see, there are certain apps these days that allow you to work remotely. No matter where you are, you can still be sure you’re running your business.

And this is vital for ensuring you are always connected and constantly evolving. Working on the move is a vital part of contemporary business, and you need to make sure you do it as much as possible.

Payments

One of the best things that apps can do to help your business thrive is through payment methods. The best businesses are the ones who offer the most amount of payment methods.

Customers hate having to wait around to get what they want. And the fact is that you could easily lose sales as a result. So, you need to use any sort of small business app that can help with payments.

That way you can process multiple transactions at once, and increase the sales you make. Instead of simply enjoying a lot of leads and a few sales you will be able to convert every lead into a sale on the spot.

Marketing

It’s vital to look at every possible avenue you can to market your business. That means you need to think about using apps to help you promote and advertise your brand.

There are so many things you can do in this respect, and it’s really a case of deciding which to use. The best thing to do would be to get social media apps on your laptop or smartphone. Things like Twitter and Facebook are vital for marketing the brand.

And you can use the apps for instant connectivity and interaction. These allow you to update and promote your business at any time of day or night, wherever you are.

The good thing about owning and running a business these days is that there is so much out there to help you. Indeed, technology has developed to such a degree that we can use it to help our businesses so much.

If you harbour ambitions of developing a successful and thriving brand, you will need to make use of technology. And smartphone apps are one of the best formed of technology you can use these days.

Let's block ads! (Why?)