Whether you, your family member or a loved one is arrested, the person is usually deemed innocent until proven. This means the accused should be temporarily released to prepare for the case. This is why the Denver bail bonds system has been set up so that the suspect could enjoy this fundamental right and ensure to appear in the court on the appointed date.
The quickest way to get them out of jail is to post a bail bond. The entire amount involved depends on the seriousness of the crime committed. The more serious the crime is, the more the cost of the bond will be. This amount is set by the judge and the court system based on the crime committed. Usually, the accused cannot afford to post the full bond amount, which is why they use a bail bonds agency and some for collateral, or financing to work out the rest of the face value of the bond. Once the bond has been processed, the person gets released within a few hours.
Bail is used as a surety bond or insurance that guarantees that the defendant returns to court on the specified court dates. If the accused fails to appear on the scheduled court dates, the bail bond will be forfeited to the bonds agency and an arrest warrant will be issued for the accused.
Once you approach a bail bondsman to fill out the necessary paperwork, it only takes a few hours to be securely released from jail. A suspect is innocent until proven guilty, however many sit in jail due to lack of funds for the full bail amount. This is why it’s wise to contact a bail bonds agency to get the required assistance with the process.
If the suspect affords to pay the total bail cost, then they may do so without the assistance of a bail bondsman as long as they can prove their funds are obtained legally. The amount is returned or excused to the bond signer at the conclusion of the trial if the defendant appears to all scheduled dates.
Responsibilities of a Bail Bond Cosigner
A bail bond cosigner or indemnitor, can be your friend or loved one who is willing to sign the legally binding contract to bail you out of jail. The cosigner is the person responsible for initiating the bail bond. It is a serious undertaking, and whether or not you face the ramifications for those liabilities depends on the choices of the person you are bailing out of jail. The cosigner needs to pay the bail provider a percentage of the face amount of the bond, which is usually 10%, set by the state. However, on bigger bond amounts, collateral is required which can be in the form of cash, home deed, vehicle, jewelry, boat or any other valuable asset.
In case the accused violates any conditions of the bail bond agreement or court orders, the cosigner will be held responsible to pay the remaining amount as the contract stipulates. And, if used collateral to purchase the bail bonds such as your luxurious vehicle or any other assets, you will need to forfeit that collateral.
In order to avoid any liability concerns, make sure to take responsibility for those you know closely and whom you can trust. Do not cosign for someone if they are unemployed, or hold a history of evading the law or have a bad criminal and credit record.
The entire Denver bail bonds process can be overwhelming especially if you have never been in this situation before. However, working with an expert Denver bail bondsman can make the entire process much easier to handle.
To get out of jail in Denver, get in touch with PDQ Bail bonds. We will be happy to serve you or answer your questions about indemnity contracts and procedures. Reach out to us today at 720-542-3217!