How does Bail work? Options

[ChrisFoley]

If I recall correctly it takes 10% up front to get a bail bondsman to put up the rest of the $$.
What happens to the money after someone is tried and found innocent?
I guess I also want to know what other outcomes are possible with the bail $$.

[Joe Bob]

QUOTE (Racer Chris @ Mar 4 2005, 07:05 PM)

If I recall correctly it takes 10% up front to get a bail bondsman to put up the rest of the $$. What happens to the money after someone is tried and found innocent? I guess I also want to know what other outcomes are possible with the bail $$.

A bail bond is lost money....the bondsman writes an insurance policy and the premium is the 10%....it's gone.....he takes a piece, the insurance company takes a piece...IF....the bondsman lays off the risk. Otherwise he gets it all...but he has taken on the responsibilty of having yer ass in court on time....

As a bonded out individual...you lose your civil rights. You can be searched at any time, your residence can be entered by bond agents if you FTA. Your family and friends essentially lose their rights too.....

Skip bail, you lose your collateral.....

Some courts will take a house if there is enough equity to cover the bail.....essentially they become a second trust deed or a third...etc.....

OR you can plunk down the cash.....