A bail bond acts as the
defendant’s assurance to comply with the legal affairs and requisites
throughout the time of investigation and is a means to earn a release from
captivity. While a bail is a specific amount of money that insures the
defendant in front of the court, a bail bond sets to be written promise and
surety that all the legal demands will be fulfilled and respected and the
person charged will be presented before the court on dates specified. The bond
involves a certain amount of money that is to be paid by the defendant.
Every person arrested for
a crime is held captive at the jail until the date of court judgment arrives.
With Denver
bail bonds, the
same person can be released from the jail owing to a commitment that every
legal demand be specified and met.
§ How
does a bail bond work?
When someone is arrested
for a crime, they can be released before the due date of court appearance by
paying a certain amount known as the bail. For those defendants unable to
satisfy the amount set by the court, a Bail Bond offers assistance in the form
of a 10% bail amount and additional collateral to be submitted to a bondsman or
surety company which pays the actual bail amount before the court in order to
satisfy the demands.
This collateral is a type
of mortgage or guarantee that ensures that the surety organization can retrieve
the amount it has paid to court for the defendant in case he or she fails to
appear in front of the court on the due dates.
If all the legal
requisites are met and the bail is settled, the collateral is handed back to
the charged person and the surety company keeps the 10% of the bail amount paid
as fees.
§ A
bail bond scenario
Let us assume that Michael
is charged and arrested for a certain crime. The court demands $10000 as the
bail amount to be paid for release. If Michael is unable to pay the bail
amount, he can have the bail bondsman or surety firm pay the same but he has to
pay $1000 for this and have the rest $9000 in the form of collateral that is
held with the surety firm.
If Michael is able to make
it to the court on the prescribed dates, the bail bond is dissolved and all the
collateral submitted to the bail bondsman Denver is returned but the 10% amount paid is to be kept by the
same.
On being unable to follow
the court orders, the surety firm pays the court actual amount by utilizing the
collateral.
Details Investigations and Bail Bonds Denver is a leading surety firm and the most reliable choice to trust with
legal affairs. The expertise and professional approach of the bondsman ensures
that you are relieved of all the legal troubles.
