Troy's Bail Bonds

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Tag: collateral

Common Bail Bond Terminology

Getting arrested is one of the most stressful situations one can find themselves. After being processed by the police and meeting with the judge, it’s then decided whether bail will be granted and at what amount the accused has to pay to retain their freedom. It is around this moment that most people contact a bail bondsman. Understanding the process and terminology of bail is best learned before you have to go through the rigors of the process. The following are a handful of terms worth knowing in the event you need bail bond services.  

Bail

What exactly is bail, you ask? Bail is money posted in order to be released from custody until the time that the court orders them to re-appear. The money posted is used as a means to make sure the accused will return to court.

Bail Condition

This refers to the conditions the accused is required to abide by in order to secure their release.  These may include things like not communicating with a particular person or staying in their residence at specific times. Failure to follow these conditions may result in being returned to custody.

Bond

If the bail amount set by the court cannot be paid, assistance may be required from a company that can guarantee the full amount to the court. The accused typically pays 10 percent upfront, then the company will post a surety bond with the court for the full amount. If all appearances are made when required, the debt is dissolved and the bond company keeps the 10 percent.

Collateral

Collateral refers to the assets or property used to secure a bail loan. If the accused does not appear in court when ordered, it may result in forfeiture of the assets posted.

Bail Bond Surrender

When a co-signer has second thoughts they can request for a bail bond surrender. This means they no longer want to be financially responsible for the bail bond. A surrender happens because of financial strain and/or concern about asset forfeiture if the accused does not appear in court on the scheduled date.

Failure to Appear

A legal matter in the courts involves several phases. Some of these, particularly the trial, require the presence of the accused. Hearings and trial dates are publicized and notice is given when to appear in court. If they fail to appear, they may be considered to be violating a bail condition.

Bail Bondsman

Someone who will provide financial services to satisfy court demands in order to release individuals charged with a crime, before a trial. A bail bondsman is usually licensed by the states they operate in.

Fugitive

Someone who is actively avoiding capture by the police or other authorities after being charged with a crime. A fugitive is also someone who has been released but does not follow conditions and evades police and those contracted by the bond company to locate them.

Conclusion

If you or someone you know needs a reliable bail bond, it’s a good idea to learn some basic business vernacular so you’re not left in the dark. For a great bail bond service you can trust, contact the professionals at Troy’s Bail Bonds.

How to Get Out of Jail Using Jail Bonds

So you’ve been arrested and placed in jail. This can be an incredibly stressful experience especially when the context surrounding the circumstances is taken into consideration. So now you may be asking yourself – how exactly do you get out of prison?

Generally speaking, this is done through the use of a jail bond, otherwise known as a prison bond. Basically, you are posting a “bail” amount whether that is through cash or a piece of property with an inherent cash value.

This is used as collateral in return for a promise to show up in court on your scheduled date. By doing so, you will get your bail money back. If you don’t, the court may issue an arrest warrant to put you back in jail. But what exactly is this process of setting bail, and how do you get out of this predicament to begin with?

How Bail is Set

Once you have been arrested, chances are you will want to know your bail amount right away. This can be a difficult process if you are not able to see a judge immediately, especially over the weekend. This can mean winding up in jail for a few days while things are sorted out.

However, for the most part, you’ll be expected to pay a certain fixed amount for more common crimes which typically isn’t an exuberant amount. The Eighth Amendment to the United States Constitution states that you cannot be held with an excessive bail amount.

This avoids the bail from being used as punishment or a bargaining chip for your freedom. As we mentioned above, this establishes that the bail is used to guarantee you will return to court when you’re ordered to do so. Depending on the crime committed, the bail amount must be reasonable enough to achieve that purpose. This may not always be the case, so you may be involved in a special hearing where you can request the bail amount be lowered due to your financial situation.

How to Post Bail

When you go to post bail, there are a few different ways to accomplish this. This includes: using a bondsman; posting cash for the full amount of the bond directly; using property (like a home or lot) with the court, or the judge can decide to let you go on O.R. (Own Recognizance).

That last option plays into the aforementioned special hearing where you may request a lowered bail amount. You may also have an opportunity to be released on O.R., which you should take. Typically, this only happens based on how integrated you are into the community. This includes having close family members who live there, residing there for a number of years, or having a small or nonexistent criminal history.

Conclusion

As we talked about, dealing with jail time can be incredibly taxing. When situations like this happen to you, it can be debilitating – especially if it means spending time away from your loved ones and your friends. When you’re facing jail time and need to post bond, you should strongly consider reaching out to a professional bondsman to guide you through the entire process.

Do you have any questions or thoughts regarding the jail bond process? Be sure to them in the comments section below!

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