Here’s an example. Your second cousin Edward is in town for the holidays and Ed being the enterprising, rabble rousing young man that he is, makes the decision to go to a bar, get into a fight and causes a great bit of damage which leads to his arrest. After Edward sees the judge Monday morning for a bond hearing. At the bond hearing, the judge determines that Edward can go home today, if he posts a $50,000 surety bond for jail. What do you do? First, it makes sense to speak with a Marion county criminal attorney if you have a friend or a family member that is arrested and in need of bail. Call us at 317-721-9858 or email us for a free criminal defense legal consultation.
What is a Bail Bond?
Bail bonds are contracts that allow the defendant or suspect to post collateral if they are arrested, then release them. Often surety bonds are the type of bail bond contract it is used the most. There are a few reasons why someone might want to sign up for this type of contract. There are two types of bonds. Those are cash and surety. The primary reason being time not sitting behind bars awaiting trial. Other reasons that you may want to get a bail bond include:
- Bail allows a defendant to go to work or school allowing them to continue earnings
- Bail allows a defendant the ability to get the best legal assistance available
- It’s your right to be free until you are proven guilty
- Avoid the risk of jail time. Being in jail is not safe
What is a Cash or Secured Bond?
A cash bond requires the full bail amount and is not financed through a bail agent. The court will hold onto the full bail amount until your criminal case is concluded. At that point, the bail is returned to you. Generally, the court will also grant cash bail if they have reasonable doubt to think that the defendant will flee before trial or will fail to appear at required court hearings. The theory behind the cash bond fee is that it provides a cash guarantee that the risk of absconding or missing court is reduced substantially.
What is a Surety Bond?
A surety bond is a kind of bond, where a bail bond agent pays the bail amount of the defendant in the court in exchange of a premium amount. A surety bond is the most common type of bail bond. A surety bond must be purchased through a bail bond company. A professional bail bondsman guarantees the appearance of the defendant through an insurance agency. With this type of bail bond, the bail bond agent takes the financial responsibility of the defendant in the court and pledges to pay the complete amount of money if the defendant fails to appear in the court. Taking the surety bond services enable a defendant to come out of jail much quickly and conveniently. The amount needed to secure the bond is only a small percentage of the total bail amount.
Now that You Understand What a Surety Bond for Jail Is
Now that you understand what a surety bond for jail is, that $50,000.00 amount for bail doesn’t seem that high anymore. Now, you can go out and find the best bail bond company in the area to get your cousin out of jail… And into AA. Make sure that you have not only the information of a Marion county criminal attorney handy, make sure that you have the information of a Hamilton county criminal defense attorney available as well. Just in case, you guys happen to get into a tussle in Fishers, Carmel or Noblesville, you can have someone that can get you out. Give us a cal at 317-721-9858 or email firstname.lastname@example.org.