A bail bond seems like such a simple transaction. But it’s really much more than that. There are many rules and regulations that come with signing a bond for someone else. It’s a good idea to become aware of these so you don’t find yourself in an unfavorable situation when bailing a loved one out of jail. Keep reading for some little-known facts about bail bonds. Bail bonds aren’t accessib…Read More
You just found out that a loved one is in jail. After some moments of panic, you’re able to regain composure. Then you ask yourself, “What am I going to do?” The unfortunate reality is that bailing someone out of jail can be expensive. On top of that, you won’t always have your money returned. But what percentage should you expect to get back and what are the stipulations? Keep reading to …Read More
A bond essentially serves as a guarantee that a suspected criminal will show up for his or her court hearing. While there may be different types of bonds, each requires some sort of collateral. In this blog post, we will take a closer look at cash and surety bonds. Keep reading to learn more. Let’s first consider a bail bond of $5,000. With a cash bond, the defendant pays the entire amount in ca…Read More
You would do anything for a family member or friend. But if you go so far as to post bail on their behalf, chances are that you’re making a financial sacrifice, at least in the short-term. You have no doubt that he or she will pay you back in no time. But what happens when the person you trusted skips their court appearances? Well, such a move leaves you owing the bail bond agent and possibly fa…Read More
Unfortunately, there may come a time in your life when a loved one needs you to pay their bail money. It makes sense then to wonder if it’s possible to deduct what’s paid out in bail on your annual income tax return. Keep reading to learn more from ABC Bail Bonds in New York City. Let’s first dive into the bail process. If a jailed individual doesn’t have enough money to pay the full amoun…Read More
Have you ever heard of bail bond collateral? It’s important to know that collateral is something of value used to secure your debt obligation and ensure payment, such as cash or real estate. A bail bond company receives collateral to ensure that the defendant appears in court. This puts a great deal of pressure on the defendant. For example, should they choose to skip out on their court appearan…Read More
A lot of people don’t realize that there are several different types of bail available. Depending on the charges and financial situation of the accused, each case has its own bond as determined by a judge at the bail hearing. Though some may be used more frequently than others, the job of the accused is the same: to show up to court and maintain contact with the judge. In this blog post, we will…Read More
Posting bail is all about getting out of jail as quickly as possible. But how could this straightforward process have such a colorful history? In this blog post, we will look at the history of bail bonds. Consider that the system of posting money in exchange for temporary release pending a trial goes all the way back to 13th century England. At the time, folks accused of crimes would do whatever t…Read More
Though we routinely hear about folks posting bail on a regular basis, the concept of it remains somewhat foreign. What does bail really mean and do? Why must the defendant return to court if they were already released on bail? In this blog post, we will try to provide some step-by-step clarification regarding bail bonds. Prior to Working with a Bail Bond Agent Keep in mind that when someone is arr…Read More
Your loved one was just arrested and put in jail. As your mind starts spinning, you realize that you need to help them post bail. You may be thinking that all bail bondsmen are the same and that you can contact any agency to achieve the same result. Contrary to popular belief, no two bail bond agents are the same. In this blog post, we will provide some tips for choosing the right bondsman for you…Read More