The Upside Of Bail Bonds

Being imprisoned and serving time in prison after being convicted of a felony may be an unfamiliar and terrifying event. Fortunately, since you are presumed innocent unless proved guilty, a judge can grant you bail until your hearing or trial. Before you will be released from prison, the judge will require you to have a kind of assurance that you will return to face the charges against you. A Bail Bond is a type of collateral that may be shown to the court in the form of cash, land, a signature bond, a guaranteed bond by a surety firm, or a variety of types. You can learn more at Connecticut Bail Bonds Group

Bail bonds are normally set at a bail trial, which is a legal process. This is where the Judge interacts with the convicted (Defendant) and gathers evidence to determine whether or not bail can be set. When considering such forms of bail bonds, such as a guaranteed bond or a land bond, the Judge will take into account the Defendant’s financial capital as well as the origins of the property or funds that will be used as security for the bail bond. Anyone who posts bail for the Defendant is called a Surety, and their financial status would be taken into account.

If a Surety is interested with providing parole, he must attend the bail meeting for the Defendant, and the Judge may explain their varying rights and duties to all of them. The Defendant’s bail may be withdrawn and forfeited if he fails to satisfy his obligations to report for future trials and court dates, or if he breaches any terms of his release. Before posting bail, it is important that the Surety has confidence in the Defendant.

It is critical to consider the different bail choices after the bail has been established. Bail can be paid in cash, although it is most often paid in signed checks, cashier’s checks, or money orders. It is important for whoever posts cash bail to hold the voucher they get so that they can get a reimbursement after the bail conditions have been fulfilled. Depending on the sum of cash bail, the Defendant or Surety will also be required to complete tax forms such as IRS Form W-9.

Unlike cash bail, signature bonds do not require the defendant to post either money or goods as collateral. To be issued, the Defendant usually simply has to sign the appropriate documents with the court clerk. However, it is important to pay careful attention to the terms or orders imposed by the Judge to ensure that the Defendant knows just what he must do to avoid having his bail withdrawn.

Bail bonds secured by Bail Bondsmen are known as Corporate Surety Bonds. Typically, the Defendant or Surety owes the bondsman 10% of the gross bail fee, and the Defendant or Surety must have ample financial reserves to cover the balance of the bond if the bail is denied or if the Defendant fails to satisfy the bail requirements. And if the prisoner complies with any of his bail terms, the 10% stays the bail bondsman’s property and is not restored to him.