What Are Bail Bonds?

Law enforcement officers may arrest you for committing a crime and take you to jail. You may want to leave jail immediately to continue enjoying your freedom with your family or keep your job. The fastest means of earning your freedom may be through a bail bond. If you're considering paying a bail bond, you should understand as much as you can about bail bonds. So, what is a bail bond?

Understanding Bail Bonds

A bail bond is a defendant's payment to be free from jail as they await their court date. The court determines the bail amount during the first hearing after an arrest. The judge takes into account factors such as the case types and state jurisdictions before deciding on the amount you will pay. 

However, if your case is severe and the court rules that you're a threat to society due to serial murders, for instance, he may not grant you bail. Therefore, you may need a criminal defense attorney present at the bail bond hearing to negotiate your release and a reduced bail amount.

Once the court decides on a bail amount, you can make an upfront payment if you're financially capable. However, the payment process can be long and complicated since some jails may reject card payments. Additionally, the authorities may seize your cash, making payment of huge cash amounts challenging. 

In such cases, hiring a bail bond agent may be necessary. Bail bonds services will pay part of the bail amount, and you only pay part of the amount. However, you need to provide collateral to the bail bonds agent. Additionally, your bail bonds agency handles the entire bail process, including filing paperwork, which speeds up the release process.

How Bail Bonds Work

Bail bond paperwork states different legal matters including what the court expects of you after your release and the cost of everything. Therefore, when bail bonds agents file the paperwork, they take full responsibility for your actions after the release. For instance, if you miss a court date, the court forfeits your initial partial payment your bail bonds agency makes and expects you to settle the total amount. In such cases, your bail bondsman may use the collateral you provide, including stocks and property, to settle the court payment. 

However, when you attend all your court dates, the court issues back the bail amount you paid after your case ends. If a bail bonds agency was working for you, they take part of the refund as profit.

Bail bonds can help you get out of jail quickly after committing a crime. Understanding the definition of a bail bond and how it works will help you apply for bail more confidently when arrested.