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How does bail/bonds work?
I always thoguht that if bail was $5000, you had the option of paying $5000 cash to the court itself, and then you would get the whole $5000 back at the end of the trial.
Or you could pay $500 to a bail bondsman, and he'd front the $5000 to the court and your $500 would be lost no matter what.
Is that really it or am I confuzzled? Why would bail ever be $5500? Does the bail bondsman ask for additional cash or security? Are there ways to get all your money back? (assuming you have it to give). If you only have non-liquid assets like your house or IRAs, do you need to work with a bail bondsman or can you deal with the court directly?
1 Answer
- Anonymous1 decade agoFavorite Answer
Bail works basically like you said, but it is sometimes different in different areas, in the jurisdiction where I work there are not any bail bondsman and when you are arrested you pay 10% into the court and you are released pending a hearing, if you are found guilty at trial or you plead guilty then any court fees, fines etc. are deducted and if their is a balance it is returned to you, (usually there is nothing left). Bond can be in any amount and if you are in and area where the court requires the full bond you can pay the bondsman 10% and they will post it in that case they will get their money returned and you will lose the 10% as well as have to pay the fines. Some jurisdictions do not accept real property as bond but most do. You can post the full amount but there is no limit to what the amount may be.~~