mercredi 2 décembre 2015

To Understand Bail Bonds Richmond VA Is Worth Visiting

By Marci Nielsen

A bail bond is a method that is commonly used for obtaining the release of defendants. The defendant is usually in the custody of law enforcers waiting for the day of their trial. The process involves signing of a legal document by the defendant, their family members, bail bond agent, or friends. The document states that if the defendant fails to appear before the court for the trial, the specified amount will be forfeited. When in need of the best agents in bail bonds Richmond VA is the place to visit.

Bail bond agents are kinds of agents that offer the kind of money that is needed in order for a defendant to be released. Since many defendants usually lack the amount of money needed, especially if the crime is a serious one, they usually seek the services of an agent. Usually the agent is paid an amount of money that is equal to between ten to twenty percent of total amount paid.

Once an agent starts working for the defendant, they assume all liability to pay the amount required. The defendant can now be referred to as a client to the agent. However, since the amount involved can be very high in certain circumstances, it becomes important that the client gives up collateral. Collateral guarantees that the client will honor the agreement and refund the agent the amount paid to the court.

There are many forms of collateral one can give. Major ones include jewelry, securities, title deeds, and written guaranties from friends and family members who are credit-worthy. The collateral covers any losses that may arise in the course of doing business. If the item given up as collateral is sellable, the agent sells it to get their money back. Guaranties are taken to court to make people who signed them honor their end of the deal and pay up.

Agents do some calculations before taking up a client. The decision is usually based on several factors such as prior criminal record, employment status of the client, and how long the client has been living a given neighborhood. Defendants with no prior criminal record, steady employment, and have been living in the neighborhood for long are considered to be good risks. An agent will be happy to work with such people.

On accepting to take a defendant as a client, the agent posts the bond at the court. The court is usually the one in which the client is supposed to come back later for the trial. The amount specified usually corresponds with the nature and degree of the crime. Obviously, defendants on trial for serious crimes are required to pay huge sums.

The court clerk issues a ticket when the bond is received. Law enforcement officers are sent the ticket, notifying them of fulfillment of bail requirements. The defendant gets released immediately afterward.

Liability under the bail is concluded upon honoring of the conditions and appearing in court as required. Another condition under which the liability ends is when the terms of the bond are made impossible to execute. That can be caused by events such as a defendant dying, being arrested, detained, or imprisoned.

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