Bail Bondsman

Only available on StudyMode
  • Topic: Bail, United States, Bail bondsman
  • Pages : 2 (510 words )
  • Download(s) : 191
  • Published : August 15, 2010
Open Document
Text Preview
What is bail? Under law, if any subject is held for criminal charges, they can avoid arrest or jail if they put guarantee money in form of cash or property. This is a financial obligation that guarantees a person's future appearance. This pledge payment is made to the court by a third party as an agreement, and it acts as a guarantee for which the criminal defendant has to make an appearance in court later What is a bail bond? It is an agreement. Recently, Bail bond is applied through modern business venture through a system that includes a corporation, to which or whom the percentage of the court specified amount is put up. The corporation or the individual in the court acts as a surety. Surety is applied in order to release a criminal defendant from jail. Corporations as such first started in San Francisco, in 1898. The first bail bonds business was established by Tom and Peter P. McDonough in United States. Such agencies usually have an agreement with insurance agency, credit provider and bank which works even during hours when some providers are not operational. They pay the court, the pledge money, if the defendant does not appear. Such agencies have security agreement with the court officials and as such they do not have to rush bank or to credit providers for bailing out any suspect (client). As a service charge they cut out about 10 to 15% of the bail money at the end of the trial. In modern times, there are plenty of online sites, help and information which you can utilize to help yourself through such trying times. Most of these online help sites and information kiosk maintain a directory of bonding agencies who can understand the situation. They offer online Bill payment form as well as professional criminal defense attorney, who can be of immense help. I could not find a bails bondsman in the state of Kentucky. Kentucky expressly outlaws the commercial bail bond industry. Ky. Stat. § 431.510 (outlawing commercial bail bond industry); see Stephens...
tracking img