First, you need to know what bail is and what kinds of bail bonds you can get. Bail bonds are a type of security that a court grants to an individual. This article will explain each one and look at why they are beneficial to you.

Exoneration

When you are released from custody, you should know that you may still have to pay bail for other charges. However, bail exoneration should be quick. A court will usually exonerate a bail bond if the defendant shows up for all the court dates. If the defendant fails to appear for any court dates, they will continue to be held in custody until all the dates are completed. This is a good thing for you, as you don’t have to spend extra time waiting for a dismissal of the charges.

If your loved one fails to appear in court, the Mercer county bail bonds will be on the hook for the total amount of the bail. If the loved one doesn’t appear in court, it may even pursue the co-signer for the money. You may have to pay more money to the bail bond company when this happens. Whether the court will dismiss the charges against your loved one or not, it is best to take extra care to research the costs and make sure you’re not stuck paying more than you have to.

Forfeiture

If your bond has been forfeited, you can seek remission. However, if you fail to serve the court summons or enter a declaration of forfeiture within 30 days, the forfeiture bond will not be enforced. A bail bond attorney can help you reinstate your bond. But if your bond is forfeited after the civil suit, this option may not be available.

Forfeiture proceedings can be a serious problem for those who have paid the bail in the past. The judge may set aside the case if the defendant has a valid excuse. In this case, bail bonds agents can often track down the defendant within 72 hours of being released from jail. They do this by working with the defendant’s family, as their vested interest is to find the individual. Ultimately, if the defendant misses court, their family will be responsible for paying the bail bond company and the insurance provider.

Indemnitor

Indemnitor bail bonds are a legal form of bail bond which allows a defendant to be released from jail while awaiting a court date. An indemnity is a person who co-signs the bond on behalf of the defendant. These bonds can carry many financial risks, and indemnitors need to understand what they are getting into before co-signing. Therefore, it’s essential to understand what an Indemnitor does and how it differs from a regular bail bond.

An Indemnitor pays the total amount of the bond, including the premium and associated fees. Choosing the right Indemnitor is crucial, as a failed defendant can result in fines. Additionally, Indemnitor bail bonds require the person signing the bond to know the defendant well enough to make sure they will appear in court. If the person fails to show up for a court date, the Indemnitor and the defendant could face serious consequences.

Cash

There are two types of bail bonds: secured and unsecured. Secured bonds require a third party to guarantee that the defendant will appear in court. On the other hand, unsecured bonds do not require a third party to ensure the defendant’s appearance. In addition, the person making the payment does not have to be the defendant. The third-party can be a friend or relative of the defendant.

The amount of money used to secure a bail bond has increased by nearly 20% from FY 2015 to FY 2017 and 8% from $58 million to $53 million. This is a significant increase compared to the cost of cash bail, which has a nonrefundable premium of 10 percent. Therefore, it is essential to understand the difference between cash and other bail bonds to make the best choice for your situation.