We can be surprised how our own stupidity has placed us in unwanted circ*mstances or situations as regularly as a queen bee lays her eggs. And those actions have seven out of ten chances in getting a proper warrant.
If you find yourself in a sticky and “not so pleasing” situation, may it be intentionally or being accused of something you clearly have nothing to do with (like being in a position where you got arrested for some unknown random reason) which you know is not even a proper excuse, because you can’t get imprisoned without being a potential suspect of the case. Now, if this is the case, you can stay out of jail until your next trial or hearing is set out, in the form of paying bail.
What Is Bail?
When an arrested person or a criminal defendant charged with alleged offenses appears before the court, bail is usually set out. Bail is generally a significant amount of money established by the judge during the defendant’s hearing. When paid, the defendant who is currently under police custody can be released from jail to travel back home, to standby until his next trial or hearing is dated. Check this out: https://money.howstuffworks.com/bail.htm.
However, it is important to note that this is not intended to penalize the defendant. The sole purpose of this agreement is to ensure that all the necessary court appearances will be attended and certain constraints and conditions are confirmed by the criminal defendant while his or her case is still ongoing. Seeing it in this light makes it appear more of collateral or assurance of the court.
Once the criminal defendant has kept his side of the bargain, the money will be returned after the case has been resolved in trial and certain papers have been processed. However, when the defendant neglected his or her obligation, such as failing to show up to a court hearing, or has breached any of the restrictions given to him, the defendant will forfeit the money to the court.
This System is nearly limited to operate in two countries:
- United States of America
- Philippines
The defendant has the choice of whether to pay the amount in full cash, to opt for a bond, or to remain behind bars until one can prove innocence in court. Since bail is commonly put out in a substantial amount of cash, not all are privileged enough to have a huge sum of money at hand, and cannot easily acquire cash is such a short period of time. This is where bail bonds come in handy. One can hire a Bluestar Bail Bondsman, bond agent, bonds person or dealer, to post a bail when the defendant is financially incapable. I mean you can go for staying in jail, but as far as I know, nobody wants to hang around in prison.
Bail is generally set out in a high amount by the court to guarantee the defendant’s return. This amount is usually way beyond the financial means of the defendant. In this case, if you are in Montana and cannot offer payment, you will need the assistance of bail bonds Bozeman MT. A bail bond is carried out by a bondsman or agent.
A bondsman can be hired by the criminal defendant to post the surety money on his behalf. There are certain businesses in the field that offers or caters bail bond services, such as bond agencies or companies. A bonds person imposes a non-refundable fee, ranging from 10% to 20% of the total amount (read more). The portion varies depending on how much the company has agreed upon. When the company has already signed the formed contract, the company then will act as surety money before a court and will be held liable of for the remaining amount, given any situation does the defendant fail to recognize the requirement of his presence in court.
Concerning the amount the company has to forfeit to the court, bondsmen will often require some sort of collateral or security from the defendant, other than the signed, terms of agreement of the contract. This collateral could be in the form of jewelry, assets, or properties, like homes or vehicles. This is then used to push through the payment of the 90% of the bail, in a situation where the criminal defendant has fled or disappeared.
FAQs
In addition to the seriousness of the charged crime, the amount of bail usually depends on factors such as a defendant's past criminal record, whether a defendant is employed, and whether a defendant has close ties to relatives and the community.
How does a $5000 bond work? ›
Using a bail bondsman
This means that if the judge set your cash bail amount at $5,000, the bail bondsman would charge a one-time, non-refundable premium of $500 (10% of the $5,000 cash bail amount) in exchange for posting the full amount of money needed by the court.
What is 10% of a $5000 bond? ›
Percentage Bond = Is the set percentage that would need to be paid of the bond amount. Example: If your bond amount is $5000 @ 10%, $500.00 would need to be paid.
Which of the following factors are the most important in determining bail? ›
Penal Code § 1275, the judge or magistrate will weigh the following factors when setting, lowering, or denying bail: Whether or not releasing the defendant would endanger the community. This is the most important deciding factor of all.
What 5 factors does a judge consider in determining bail? ›
Considerations Made During Arraignment or Bail Hearing
- The seriousness of the crime.
- The defendant's prior criminal record.
- The defendant's ties to the community, including employment and family.
- The defendant's financial resources.
- Any potential flight risk posed by the defendant.
To do this, the defendant will only be required to pay a 10% fee to the bail bondsman. However, this fee is non-refundable. That being said, what if bail is set at $500? If bail is set at $500, you will likely pay around $50 to a bail bondsman — which is 10% of the total bail amount.
When you buy a bond for $100 that pays 4 percent? ›
Answer and Explanation:
A bond with a face value of $100 that pays a 4 percent coupon per year pays $4 per year. A bond does not necessarily sell for the same price as the face value. If prevailing interest rates are higher than the coupon rate of the bond, the bond will sell at a discount.
How does a $1000 bond work? ›
For a $1,000 par, 10% annual coupon bond, the issuer will pay the bondholder $100 each year.5 If prevailing market interest rates are also 10% at the time that this bond is issued, an investor would be indifferent to investing in the corporate bond or the government bond since both would return $100.
How much do you have to pay on a $1000 bond? ›
You pay a bail bond broker a percent (usually 10 percent) of the face value of your bail bond. For example, if your bail is set at $1,000, you would pay your bail bond broker $100 (10 percent of $1,000) for your $1,000 bail bond, which will go to the court to cover your bail.
What is 10% of a $25000 bond? ›
Normal bond rates for someone with bad credit might range from 5% of the total bond price to as high as 10%. In the case of a $25,000 bond, that can mean $1,250 to $2,500.
Bonds are an investment product where you agree to lend your money to a government or company at an agreed interest rate for a certain amount of time. In return, the government or company agrees to pay you interest for a certain amount of time in addition to the original face value of the bond.
What are the three influences on a judge's decision to set bail? ›
Risk of Flight: The judge considers whether the defendant is likely to flee before trial. Public Safety: The judge evaluates the potential danger the defendant poses to the community. Financial Means: The judge assesses the defendant's ability to pay bail.
Which system of bail is most common? ›
Bail Bond: This most common method involves a bail bondsman who agrees to pay the entire bail amount. You or a cosigner will have to pay a fee to the bondsman, typically 10%. If you fail to appear in court, the bondsman will attempt to collect your total bail amount.
Why is excessive bail important? ›
The Eighth Amendment's no excessive bail clause protects you from being held in jail for an extended period, no matter the offense, if the bail amount set is deemed too high to pay. Without this protection, a judge could set bail as high as they wanted no matter the crime, whether it was a felony or a misdemeanor.
What factors affect whether bail is set? ›
What factors influence whether bail is granted?
- 1.1 Flight Risk.
- 1.2 Danger to the Community.
- 1.3 Ability to Pay.
- 1.4 Nature of the Charges.
- 1.5 Defendant's Background.
- 1.6 Evidence Against the Defendant.
- 1.7 Victim and Public Safety.
- 1.8 Alternatives to Monetary Bail.
The process of setting an appropriate bail amount has historically required both state and federal judges to consider a variety of factors, including the risk that the defendant will flee, the severity of the offense, and the defendant's prior criminal record.
What are the factors of bail in Massachusetts? ›
Factors Influencing Bail Decisions
The defendant's ties to the community: Employment, family, and long-term residency in Massachusetts can positively influence bail decisions. Criminal history: A record of prior convictions, and especially a history of failing to appear in court, may result in higher bail.
What is the purpose of setting bail Quizlet? ›
what is the purpose of setting bail? to guarantee that the accused will return for trial. A crime is defined as a wrongful act that... is done with intent.
