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Featured
Article
It
Gets You Out Of Jail!
Contributed by: Premiere
Bail Bonds
It
gets you out of jail! In fact, it is your "get out of
jail" card! You often call it bail bond agency, bail
bond company, or bail bondsman, or bail bond agent!
Certainly, your bail bondsman, or bail bond company
or agency manages your release from jail on bail, if
you are arrested.
Usually,
when you are arrested, court sets up an amount of money
to help you secure your release from jail. It is generally
known as bail. Bail, you know, is a legal system that
allows you (if you are accused person) to be temporarily
released from custody, usually on condition that a sum
of money guarantees your appearance at trial. It is
known as bail bond in legal terms. Usually, bail is
set high enough to guarantee that you will appear for
your court dates. Your bail money is forfeited, if you
fail to appear in court.
Generally,
your relative or friend, who is legally termed as the
"indemnitor," posts your bail bond in the amount set
by the court, but, what if you don't happen to have
a relative or friend, who is rich enough to post your
bail bond? In that case, law allows you to secure bail
thru a bail bondsman, or bail bond company or agency
that is a person or corporation that acts as a surety
and pledge money or property as bail for your appearance
in court, if you are a defendant and facing any criminal
charges.
Your
bail bond agency secures collateral from your "indemnitor"
to insure that you (defendant) will appear in court
as promised. Collateral means a security pledged for
the repayment of a loan. Here, it can be anything from
vehicles to property or cash.
If you do not show up in court as promised, your indemnitor
is liable for the full amount of bail bond put up by
a bail agent. This makes you (defendant) responsible;
in fact, the system keeps you in a kind of jail without
bars. If you flee, your indemnitor - your friend or
relative, who helped you out of jail, will have his/her
collateral seized by bail bond company or agency.
It usually takes less than an hour to underwrite a bail
bond, and you are released from jail within another
couple of hours. After release, you have freedom to
handle your affairs in your own way and prepare your
defense. However, a defendant is often required to check
in at the bail bond agency's office once a week.
The
system of bail works on trust and is primarily found
in the United States but originated in England hundreds
of years ago. Bail is an integral part of the Criminal
Justice System.
Article
contributed by:
Premiere
Bail Bonds
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