A bail bond is an arrangement between a bail bondman or corporation and a person under suspicion of crime who has been arrested. Bondsmen provide the accused person with financial support to ensure his release from prison while awaiting trial. Bond certificates are legal documents drawn up with the aid of an attorney by a bail bondman, which certify that the amount of money given to the person is covered by the bail bondman in the event of his or her failure to appear in court on the date stated. A bail bond is an individual pledge that, if the suspect refuses to follow its conditions, certifies payment or guarantees compliance by a guarantor. The bondman will also provide the option of posting a bond for persons who are arrested for outstanding warrants or other serious offences, which offers guarantees that if the person does not appear in court on the set date, the bondman can post the bond and collect the money necessary to obtain the legal release from jail. Feel free to find more information at Connecticut Bail Bonds Group
A bail bond may be written in fiduciary form or on the basis of an unsecured loan that may be acquired from a conventional lender or credit union. The bail bond agency would provide the court with a guarantee of restitution in any case, usually in the form of a cashier’s check or money order. A percentage of the value of the bond is paid by certain bail bondsmen, while others may only charge a flat rate fee. Various types of bail bonds exist, including conventional bail bonds, cash versus cash, bail posting via mail, bail posting via virtual currency, or using a combination of these options. The cost of a bail bond would depend on the previous criminal records of the accused and the present status of the judicial system.
It is very popular for individuals to post bail themselves, using a friend or relative who is willing to guarantee their release financially. It is important to note, however, that individuals can not be trusted to pay the full amount of the bail amount at all times, especially if they are unable to fulfil the obligations. This is where the services of a business with bail bonds become necessary. The bail bond firm guarantees that the prisoner will have enough money to comply with the terms of the arrangement by providing a combination of multiple payment options and does not risk losing the bond entirely if they do not appear at all scheduled court hearings.