Five Key Things to Know in the Bail Bonds Business

(Newswire.net — April 13, 2015) New York, New York — Most do not know the first thing about the function of a bail bondsmen until they are forced to call one when incarcerated.  It is probably a good idea to be armed with a working knowledge of what a bail bondsmen does and how they work to help you during a time of strife.

1. A bail bondsmen has the responsibility for posting a financial sum of money that ensures that an accused (generally) criminal, will appear for their court hearing.  The bail bondsmen usually will use an insurance policy to obtain the financing needed in order to post bail since these policies enable them to use a policy twenty four hours and times when banks are not open. 

2. Although bounty hunters are in most states in the United States, are not legal, a bail bondsmen may sue the parties that have committed to financing the release of a jailed and bring the released accused to court in order to recapture their posted bail money.

3. Bail bonds are indemnified by real property where such assets can be pledged as collateral for the financial commitment.  This is used where the sum of the bail is large i.e. $100,000 and a smaller amount is posted and the bail bondsmen may lay claim to the accused’s house. 

4. Bail bondsmen receive 10-15% of the posted bail amount depending upon whether it is a state or federal incarceration jurisdiction.

5. A bail bondmen is in the business of financing.  Although they are well versed in the judicial court system and procedures, they are not attorneys and do not represent their bailed clients as a legal agent. 

The bail bonds profession is not an easy one while it is quite important in the role of the judicial jail process.  The difference between serving time behind bars and being released awaiting trial can make a huge difference in the outcome of a trial.  Legal access to an accused makes the preparation process much easier and more efficient.

Most people that are in need of a bail bondmen do not understand the role that they serve,  They only see the function of speed of release and the amount paid in order to obtain that release.  A bail bondsmen that is well versed in the legal steps required can make the journey of release an easy one and also help the court case along.  So although their role is not necessarily that of an attorney, the bail bondsmen does indeed wear a very important hat in the process and can fulfill a much needed legal purpose. 

In New York City where there is a large population amongst the five boroughs, the penal system is very busy.  Bail Bonds NYC can address many questions that people should know in advance regarding bail bonds processes.  Contact them at: http://bailbondsnyc.org.