as in getting out of jail before the trial. Do you give your own $$$? or take it from a bond company. If they give the $$$, do you pay interest? If you flee before the trial, what can the bond company do to get their $$$ back? (it's not for me - no silly jokes please)
2006-10-27 02:43:21 · 4 answers · asked by apples 3 in Politics & Government ➔ Law & Ethics
lets say your bail is $100,000. you need to have all of it. then for a fee of $10,000 a bail bonding company will make a promise to the court that they will pay a hundred grand if you do not show up. the bail bond company pays the court $100.000. the bail bond company then seizes your assets 100 grand plus expenses. you are out now 110,000 and you are the cops problem. they find you and now your bail is increased to 1 million dollars. repeat business is repeat business. go to the same bail bondsman. this time he will only charge you five percent fee. 50 grand but this time secured by a million in assets.. for free my advise to you and it is you, don't jump bail!!!!!!
2006-10-27 07:04:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
MLaw gave a fairly good overview. The only questionable statement is in regards to individuals making arrangements with the court. There are a few states where such arrangements can be made. As far as what is done when the defendant flees or otherwise fails to appear for reasons other than hospitalization or death, the bondsman and/or his agent (bounty hunter) may locate, arrest and return the defendant to the jurisdiction of the court (within a specified period of time), at which time the bail is exonerated and the surety (bondsman if applicable) is relieved of all or part (depending on the states redemption period) of his obligation.
2006-10-27 10:51:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It means someone must deposit with the court clerk, cash or a promissory note to pay the state some amount of $$ if the person doesn't appear for trial. They won't accept a private individual's promissory note; but they will accept one from a large insurance company (which are pre-approved to guarantee payment). The insurance company retains agents called "bail bondsmen" who sign the promissory note on behalf of the company. When you get busted, you can call the bondsman, pay him a fee (generally 10% of the bond amount) & arrange to secure the balance (such as by signing a second mortgage, giving him a lien on your car, or having your family do so.) Once that is done, he signs the note ("posts the bond") & you are released into his custody.
2006-10-27 10:38:58 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Posting a bond means u sign a paper at the magistrate office,
stating that u will pay bond if the person does not show up for court or u could sign a property sheet.
If the person does not show up for court date, u will have to pay the bond or give up what property u signed over.
2006-10-27 09:52:44 · answer #4 · answered by sunflare63 7 · 0⤊ 0⤋