If a person gets arrested, he/she may be allowed to apply for a bail. Bail is a sum of money that the affected person deposits with the court in order to allow them to remain out of jail until the trial of their case. By asking for bail, the court is simply making certain of the accused’s presence in court as and when required. At times, the bail amount is too large to be paid by the accused. In such cases, the court accepts bail bonds, which people can obtain by paying only a small part of the total bail amount. Usually, this amount is ten percent, and the balance of the amount is paid by a bail bonding agency. Generally, the courts will refund this amount, provided the accused continues to be present in court on all dates demanded by it. In those cases, the entire amount is retained by the agency providing the bail for the accused, meaning that the initial amount paid by the accused is pocketed by the agency, and that is how the agency makes profit.You may want to check out Connecticut Bail Bonds Group for more.
A court hearing decides the bail amount. In certain cases, the hearing may also include an arrangement where the judge may hear the charges and demand the detainee to make a plea. The bail amount depends on how serious are the charges against the accused. A lot of people may find the sum to be quite high and therefor out of their reach. The amount is set low enough to make its payment worthwhile to avoid spending more time in jail, yet large enough to get its refund attractive by attending all the dates as ordered by court.
Accused who are unable to arrange for bail on their own can seek the help of persons offering bail bonds. The accused is required to pay only a part of the bail amount, and the balance is paid by the person willing to offer bail bond. That is how bail bonds work as surety bonds in order to ensure that the complete bail amount is paid if the accused is unable to make payment to fulfill the conditions of his/her release.
In most parts of the US, bail bonds can be procured 24X7. When someone gets released on furnishing a bond of the required amount, they can be expected to take better care of their family, and also prepare better for the forthcoming court dates. Moreover, bail bonds prove helpful in reducing the number of people in jails, and thus the expense of maintaining jails and feeding the prisoners.
There are also privately owned bail bonding agencies that issue bail bonds. The fee charged by such agencies is non refundable. It is usual for bonding agencies to ask for collateral from the accused to ensure that the accused keeps appearing in court on all the dates fixed for hearing by the court. Collateral ensures the agency of getting its money back.