In 2019 alone, there were around 10 million people arrested in the US. Some of these people got released, some got held, and some ended up in court.
Of course, not everyone who ended up in court ended got there in a hurry. There is often a delay between when a person gets arrested and when their court appearance happens. In those cases, friends or family members can often get a person out with the help of a bail bond.
Not sure what a bail bond is or how to get one? Keep reading for our quick guide to bail bonds.
Bail Hearing
After someone goes into custody, they attend a bail hearing. During the hearing, the judge decides if and under what terms you can get a release until trial. The judge has a few options
They can give a release on recognizance, which means you simply agree to show up. They can require a personal bond, which means you agree to show up for trial under the threat of additional penalties.
They can set bail. When a judge decides on bail, it’s basically them making you put up money to ensure you’ll come back for court.
What Is a Bail Bond?
People with money saved up can simply pay the bail and get their release. If you can’t afford bail, you or your family must get a bail bond.
With a bail bond, you put up a portion of the money up front with a bail bondsman. The bail bondsman then secures your release from jail. This arrangement is a bail bond.
Collateral
If you can pay the portion of the bond in cash to the bail bondsman, that is that. Of course, not everyone has ready cash available. In those cases, the bail bond company will often take collateral in lieu of cash.
One common form of collateral is real estate. For example, you can use your home as collateral. Some people also businesses they own as collateral. If you can find a sympathetic third party, they can also co-sign for the bond.
The Finances
The percentage of the total bail you must cover varies by state. In North Carolina, regulations set it at 15 percent. In most cases, you can make an arrangement with the bail bondsman to pay over time.
Bear in mind that getting a bail bond only covers your release. You must still cover any fees from the jail and any court fees.
Securing Your Bail Bond
You will need a licensed surety bondsman to secure a bail bond. You can’t arrange it on your own, since the bondsman contracts to cover the entire bail if you don’t show for court dates.
As long as you do show up for court and pay the required 15% on the bail bond, you or your family will get back any collateral you put up.
Case Closed Bail Bonds offer bail bond services in the Raleigh, NC area and beyond. If you need a bail bond, contact Case Closed Bail Bonds today.
