(Newswire.net — April 17, 2014) New York, NY —
The nature of incarceration and all of the nuances that are attached to it make life incredibly tough when you are behind the bars. Marvin Morgan. Of Marvin’s Bail Bonds company located in the lower East side of Manhattan knows the bail bonds business and shares their knowledge with the public. Unfortunately, most victims/ criminals/ clients only can appreciate this business once they are successfully bailed out.
Most people think that obtaining freedom from incarceration is as easy as paying a flat fee for a bond and getting released. There are many scenarios that can complicate and/ or change the outcome which people and their families should understand. The bondsmen or bail bonds agent essentially act as a “surety” and pledge property or money in order to enable the accused to appear in court.
The business of bail bonds is represented by the American Bail Coalition as its primary trade association. The practice of bounty hunting is illegal in the U.S. and most other countries where people were paid for chasing after criminals. This industry first came about dating back to 1898 in San Francisco. Bail bonds are established whereby a person puts up a percentage of the bail amount and the bail bonds company puts up a cash guarantee with the local courts “in which they agree to post an irrevocable blanket bond” on behalf of the defendant should they not appear in court.
Bail bonds companies are essentially financiers for arrested individuals and have a tough job. The nature of the work requires precision of knowledge and speed, as well as deep pockets to fund the cases that come across their desk. Work is never pleasant since incarceration involves serious acts and often times, serious people that can be dangerous and violent, depending upon the situation at hand.
The bail bonds business is also not the same across state lines in the U.S. The Eighth Amendment to the Constitution includes Excessive Bail Clause and Federal laws affect the Bail Reform Act of 1984. Bail bond agreements have insurers that verify and certify all the bail bond agreements for their agents since many of these agreements are lengthy and voluminous in material.
Bond fees range throughout the country but generally, the bond agents charge 10% for a state charge and 15% for a federal bail bond. There are minimum requirements set and some places require a portion of the bond to be in cash with an allowance for other percentages to be in different collateral categories.
For more information on bail bonds, contact Marvin’s Bail Bonds at 77 Baxter St # A
New York, NY 10013-4417 (212) 775-0099 / (212) 343-2245 or visit us on Facebook: https://www.facebook.com/MarvinsBailBonds