posted on Jul, 6 2012 @ 08:04 PM
Originally posted by Manhater
Okay for the bonds and all, where does all that money go anyway? That's a whole lot of money.
It depends on the bondsman and the court. Bondsman have to have an insurance policy for a certain amount in every State, usually in the form of a
"bond" which is an actual deposit of money into a state held account.
When someone "posts a bond" they normally pay 10% in cash the value of the bond, sign a form of lien on property worth as much or a combination of
both. The bondsman normally doesn't have to pay the court anything (other than some fees), they just sign a promissory note that says if you fail to
show up to court they have to pay the face value of the bond to the court. They, in exchange get to keep that 10% you paid them and will set
conditions on your bond such as reporting in via phone or in person, not getting additional charges, no interaction with police (not even a traffic
ticket), staying away from known criminals, etc.
If you fail to show up in court the bondsman is served with a notice that gives them a specific amount of time to deliver you to the local jail to be
held over for court. That time varies from court to court but I believe most will give them 30-90 days which they can keep extending for up to 6
months to 1 year or more in some cases. These are the people you see Dog the Bounty Hunter chasing around. If he doesn't arrest and deliver them he
has to pay the surrender value of the bond (anything from that 10% to 100% depending on the court and the type of charges).
The short answer? A little bit of that money goes to the court system in fees paid by you via the bondsman and the rest goes to the bondsman. If they
manage their risks well and can round up the occasional fugitive they can make a great deal of money over time. It's an inflation and recession proof
business, in fact the worse the economy is the busier the criminal justice system gets.
If you skip a bondsman and just pay cash you have to pay the court the full value of the bond which is held. After your case goes to court they will
subtract your court fees and any judgements against you from it and refund what's left. If you're found innocent you get it all back (minus any fees
they might charge you for "charging you").
edit on 6-7-2012 by ecoparity because: (no reason given)