Here and there, you have heard someone say that a certain someone might have been released on a $40,000 bail, but do we really understand how that works and what it is for? The difference of bail and bail bond is most often asked and here’s what differs each other from one another.
People who are arrested for a crime is held in jail until their actual court date, the judge then decides whether or not to let them go on the principles of the trial or until they are to be released on their bail.
Learning Further of Bail and Bail Bonds
Now, what is bail? When a certain amount of money serves as insurance between the court and a defendant. Defendants then have their option to pay bails in cash but since bails are often set in high amounts, most defendants cannot do so, being financially equipped to pay their bails by themselves. Therefore, if this is the case, help may be added to them by a so-called Bail Bondsman who will post the bail for them.
To secure proper posting of bail, these Bail Bondsman are provided by different surety bond companies like Hartford Bail Bonds. When one is hired they are now responsible to secure the temporary release of the defendant from jail. When a defendant is to appear for a trial when anytime called by the court a Criminal Bail Bond is hired. While a Civil Bail Bond is the one hired when the defendant is against cases of debt payment, interest or cost payments. To further understand the need and load of a Bail bond, it is good to explain that other defendants are not able to post their bails since they are in jail and is considered helpless, so when the jail sets a bail amount for the defendant they can hire the services of a Bail bondsman who will settle the fee for them and assure the proper posting as to let them free from jail. A bail bondsman is to be paid 10% of the bail amount, which is now where they get their income from. After which, the bail bondsman will pay the rest of the bail amount in collateral form.
To get the full services a bail bondsman may offer, if the defendant is not fully equipped with money to settle the bail, the hired bail bondsman may go to their relatives and explain the situation to cover the rest of the payable.