What Is a Bail Bond?
When a person is indicted with criminal charges, he/she is required to attend a series of court hearings before a verdict is delivered. In most cases, the accused can post a bail and stay out of jail. A bail is a set amount of money acting as insurance between the court and the person in jail. And a bail bond is an agreement between the person in jail (the defendant) and the court but the bond is cosigned by a bail bondsman.
When the defendant is not able to pay the bail and seeks someone else’s help to do so, a bail bond comes into being. When the defendant isn’t able to pay the bail, he/she seeks the help of someone else to pay it for them. The person who pays the bail for the defendant is a bail bondsman.
A bail bond is a form of a surety bond whereby the defendant pays the court. And later, the defendant repays the money to the bail bondsman.
How Do Bail Bonds Work?
After being charged with a crime, the indicted undergoes a bail hearing. Depending on various factors such as the nature and severity of the crime, the judge decides on a certain amount of bail.
Once the bail amount declared, the indicted can do anyone of the three things:
1. remain in jail until the charges resolve at trial
2. arrange for a bail bond
3. pay the bail amount in full until the case gets resolved
Once the bail or a bond is delivered, the defendant gets released until trial.
When seeking help from a bail bondsman, the defendant pays them 10% of the bail amount. The collaterals (usually from the defendant) secure the rest of the amount. If the defendant does not have enough collaterals to meet the bail amount, the friends and relatives help to assist in covering the bail.
Once the collaterals are secured, the bail bondsman posts a bail on behalf of the defendant. The defendant is then said to be “released on bail.” This means that the defendant does not have to stay in jail but will need to attend the court hearings and trials.
If the defendant fails to appear for the next hearing after the release, the bail is forfeited, and the court requires the payment of the remaining 90% of the amount. This remaining percentage comes from the pre-arranged collaterals.
Once the case gets resolved, the bond dissolves, and collateral is returned to the person who posted the bail (either the defendant or the bail bondsman). If a bail bondsman is involved, he keeps 10% of the total bail amount as profit.
Bail Bonds – Los Angeles
Los Angeles is no stranger to crimes, convictions, and bails. It, therefore, has numerous companies that are willing to help the ones who cannot pay for their bail during the bail hearing.
All bail bond companies are regulated by the California Department of Insurance, with a standardized fee of 10%. However, The Department of Insurance makes exceptions in the case of senior citizens, active United States military members, union members, and defendants that have secured legal representation. For these individuals, legally, a charge of 8% of the total bail amount may be set.
The company evaluates the risks, negotiates the prices, and, depending on the company, offers various means of payment.
Some of the well-known bail bond companies in Los Angeles are:
- Cali Bail Bonds
- Alvarado Bail Bonds
- Nellys Bail Bonds
- Superior Bail Bonds
- Bail Bonds DIRECT
- The Bail Boys
- Armstrong Bail Boys
- Bliss Bail Bonds
Bail Bonds Las Vegas
Las Vegas is a very populated state, and therefore, is no stranger to bails and bail bonds.
Las Vegas has numerous bail bond companies providing services to those who charged with a crime but are unable to post their bail.
In Las Vegas, these companies charge 15% on every bail amount. And any company not adhering to these regulations violate the state law.
Some of the best and well-known bond companies in Las Vegas are:
It is noteworthy to know that the defendant is relieved of the bail bond even when found guilty after the court proceedings are over.