A point in your life may come when you or a loved one gets arrested and needs to post bail. This may sometimes be induced by a mere mistake, false arrest, or at the wrong moment being at the wrong location. No one likes to sit in prison awaiting sentencing, but before an event happens, it’s best to have a good bail bond service in mind. It is possible to ensure their release using one of two means after a court sets a bond sum for a defendant: cash or guarantee. There are obvious variations in these two approaches, and before going on, everyone should know what they are. If you are looking for more tips, check out Connecticut Bail Bonds Group.
Having With Cash Out
This approach is very clear. If $50,000 is the amount set for the release of a convict, the same amount will be paid in cash and the defendant is released. Till the court adjudicates, the capital is then held as collateral. The money is repaid after the case is over and the appropriate court appearances have been made.
Surety: The Traditional Route
Many persons don’t have to put up $50,000 as collateral and instead prefer to contract a bail bond provider. The prisoner will usually pay 10 percent of the bail price to a bondman, and the bondman will give up the entire amount for the release of the defendant. Again after the trial is over, the entire bail balance is returned, but the bondman will retain the 10 percent as payment for his work.
There are some risks
There are a variety of hazards that go along with securing the release of someone. The suspect can totally escape to avoid prosecution, in which case the cash is forfeited and a bench warrant is issued. Within the reach of the statute, the bail bondsmen will then do whatever they can to trace the suspect and return him or her to prison. Often, there will be bounty hunters hired. Not just since these entities will do everything in their power to find and arrest you, it is not advisable to miss bail, but extra penalties will definitely be attached to the initial claims against you.
Between cash and security bonds, there are big variations, and the decision is a matter of personal belief. If you have enough money without experiencing catastrophic financial consequences to post bail, and/or if you trust the person you are bailing out then your best bet could be a cash bond. However a promise is the only way to ensure time at home after a trial for certain persons.