Bail bonds are the agreements between the bondsmen providing company and the person approaching that secures the accused. The defendant usually pays up to 10% to the bondsman while signing the bond.
The
bonds work two ways depending on the presence of the defendant:
- If Not Present: The court demands the full
charges as decided during the bail. As the bondsmen have to pay, they can
claim the price from selling any of the defendant's assets to redeem the
cash. The collaterals are set at the time the bonds are drawn.
- If Present: There is no need to pay anymore
once the decision is made. The earlier 10% remains as the working fees
where the rest of the bond is dissolved. The collaterals are cancelled and
returned to the defendant.
Defendants
can take the temporary help of bail
bonds to secure the time provided for proving innocence.
For more information visit website through #Slybailbonds.
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