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Bail Bonds 101: Conditions, Types, and How to Reclaim Money from the Court

Bad things can happen to good people!

It’s a fairly common occurrence; you were just the wrong person, at the wrong place, and at the wrong time. Hundreds of people get arrested for crimes they didn’t commit every year, or even for minor crimes that were perceived as major. That’s why we have bail bonds.

A bail bond company stands by your side when you’re arrested. And if it’s a good one, they’ll do this even if it’s the middle of the night and you’re strapped for cash.

Here’s all you need to know about bail bonds:

What are the conditions?

If you don’t have enough cash to pay for your bail on an immediate basis, your bail bond company will pay it on your behalf. This, of course, comes at a price. You’ll have to sign an undertaking with the bondsman that you’ll be present at all court hearings. In addition, the agency will also require you to secure the bond against some collateral and a 10% fee. If you fail to fulfill the condition and don’t show up for your hearings, the agency will keep the collateral.

Which bail bond suits you the best?

There are two main types of bail bonds, which go by the names of surety bonds and transfer bonds.

  • Surety bonds are the simplest form of bail bonds. If the defendant can’t afford to pay for their bail, a friend or relative gets in touch with a bondman on their behalf. The bondsman gets a relative involved in the process so the defendant feels compelled to show up for court hearings. The bond agency is often backed by an insurance company which promises to pay the bond value if the defendant fails to make a court appearance.

 

  • Transfer bonds are signed if the accused is arrested in a different state than the one where the bond was written. In this case, a local agent gets the bond transferred to the place where the defendant has been held under arrest. In this case, your family will have to visit the office and carry out the paperwork for you.

What happens afterwards?

In case of a bail bond, getting the money back is none of your concern. You’re not entitled to the amount since you never paid it. Once you’ve made all your court appearances, the bond agency will get in touch with the court and get back the amount. If you don’t show up, the amount will be forfeited.

Even if you get arrested in the middle of the night, DeLaughter Bail Bonds in Indiana will always be there to stand by your side and save the day! Get in touch with us now to know more about our bail bond services.

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