What is a surety bond in court
It is no new occurrence that the only desire a lot of people feel after getting arrested is to get back their freedom as quickly as possible, so as to live normal lives. In life people make mistakes, some could be flimsy and nearly insignificant while others could be more grievous and attract greater punishment. But whatever the crimes, confinement serves as an ‘alone time’ for reflection, after the period of reflection, any person would want to regain their freedom.
A surety bond is basically the path taken to bail a person out of jail. It is the amount of money that could be in the form of property or cash whether liquid assets or ‘collateral worthy properties’. It is greatly used in the criminal justice system and plays a very significant role in the field. For a lot of persons, bail funds are not available, and even if they are, only in small figures that can barely cover for the total expenses required by court. In some other cases, the defendant could have a large amount of money or have connection to affluent individuals in society.
Whether the funds are readily available or not, the journey is still unpredictable and the defendant and donor may not have any idea of how long their money is going to be tied before the case is over. This is when a trutsed bail bondsman comes in handy. It is the bail bondsman that will provide a surety bond so that the inmate can be released. To calm your inquisitiveness about the kind of bail bondsman that should be linked up with, this bail bondsman must be someone that can be trusted.
A surety bond in court is the one for the purpose of making bail for a defendant. It is the amount of money which is provided to make sure the arrested person or inmate is present in all court appearances. This bond in question, enables the individual who has been charged with a crime to have access to freedom from jail. He or she can only be released when their case is completed and they are cleared by the court.
Still and all, in a bid to dissect the role of a bail bondsman in this context, you’ll be provided with a pretty brief overview of what their job description entails with regards court appearances and release. The bail bondsman makes provision for a surety bond in order to facilitate the release of the inmate for a specific amount. Basically, in most cases, this fee is usually around ten percent of the total amount for bail.
To expantiate on the fee further, we’ll take this case scenario. In a situation whereby bond is £20,000, the person that is going to sign the bond is required to pay £2,000 in advance (up front). It would interest you to know that many persons mistake surety bonds for cash bonds, but that does not change the fact that they are two completely different things.
For a cash bond, if a judge set the total bail of the defendant at £60,000, the complete amount must be paid before the inmate can be let out of jail. The amount of money is usually held as a collateral just until the case is completed and no further court appearances are needed. The collateral could be in cash or properties. If someone wants to bail the arrested individual out of jail custody, this person must raise the complete bail amount requested by the court before the defendant is allowed to leave jail.
For a surety bond, it denotes the usual processes involved in bailing a person out of jail. It’s not a strange subject that arrests for some persons come unexpectedly and the funds in question may not be available for his or her bail. In some instances, crimes that triggers such bailable arrests could seem minimal and require immediate bail. Unfortunately, when money luck is not nigh, cases of this nature could extend over a long period of time, sometimes more than intended.
The existence of surety bonds become a great relief in situations like this. They do not require instantaneous payment.
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