Essay On Bail Bond
A bail bond is a written promise signed by a defendant or a surety to pay an amount fixed by and guarantees the court about the presence of criminal for further proceedings on the date and time given by court of law.
Who are Bail Bond Agents?
Most defendants are financially unable to post their own bail, so they seek help from a bail agent, who, for a nonrefundable fee of 10 to 20 percent of the amount of the bail, posts bail. A bail agent becomes liable to the court for the full amount of bail if the defendant fails to appear for the court date. Before agreeing to assume the risk of posting bail, the bail agent requires collateral from the defendant, such as jewelry, Securities, or written guaranties by creditworthy friends or relatives of the defendant.
The bail agent posts bail in the form of the bail bond at the court where the defendant is required to return for the proceeding. The court clerk issues a bail ticket or
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The court appoints the agent to arrest defendant and bring him or her back to criminal proceedings.
Bail bonding is a booming business, collecting $2.5 billion in fees in 2006 alone. These companies take great risks in arranging bails. This may lead to bankrupt if people skip out of the court.
There are three types of bail
Cash Bonds are based on the cash payments that the court asks to pay,
Surety Bonds are bonds given by surety given by agent on behalf of the criminal
Property Bonds are similar to surety bonds but they are completely base on properties.
Here are some tips for increasing your business
* Name and Mascot
While choosing the name for a bail company we have to choose the correct one which attracts the people to step in your company
* Create a Website
The best way of communicating with people is through the media today. Creating a informative and attractive website also also attracts many people to opt your company.
* Shoot a
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