Tom has been in the Bail Bonds business for over 20 years. We are licesnsed bail bondsmen and can provide bail bonds for all local courts, state courts and federal courts throughout the United States!
Usually, a bail amount is set by the local court following the arrest of a defendant or a judge may set the bail amount while taking into account the details of the case. This allows the defendant to be released from custody until the proceedings begin which could sometimes take weeks or even longer. Without bail, the defendant would be forced to wait in jail, miss work and/or miss out on daily life and events.
Bail is a way to assure the court that the defendant will appear for trial.
A family member, a close friend, or sometimes the defendant (from jail - call collect) will contact a bonding company or agent to post the bail bond. This family member or friend that is guaranteeing the bond (indemnitor or co-signer) will complete paperwork and pay the premium, which is 10% of the bond amount.
By signing the paperwork, the indemnitor is guaranteeing that he or she will pay the full amount of the bond if the defendant fails to appear in court.
When you pay a percentage of the bail, the bail agent may require collateral to secure the guarantee of the bond and to help ensure the defendant's appearance in court.
Collateral is anything of value that is pledged to secure the bond, such as cash, property, jewelry, etc. Upon full resolution of the defendant's case and payment of all premiums in full, the collateral is returned.