Wednesday, November 14, 2018

How Does A Bail Bond Ensure Your Safe Release From Jail?

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. 


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