The Risks Taken by a Bail Bond Company in Oklahoma City, Oklahoma
When a person is arrested and arraigned, a judge will typically set parameters in which the individual can be released prior to a future court date. In some cases, especially if a person poses little flight risk or if they have no criminal record to speak of and the charges against them are somewhat minor, the judge may release the individual. In other cases, in order for a person to be released, the judge will set bail at a particular dollar amount. If the person cannot come up with that amount of money, whether through their own bank account or with the help of a friend or family member, then they may set their sights on a bail bond company in Oklahoma City.
In this case, a bail bondsman will post the bail as set by the courts in order to secure the release of the person from jail pending their court appearance. If everything goes according to plan, the money that the bail bondsman paid to bail a person out of jail will be remitted back to the bail bondsman once the person has shown up for their scheduled court appearance.
However, this doesn’t always happen. In these situations, the bail bondsman will be charged with finding the individual that has skipped out on their court date. From a financial standpoint, bail bondsmen are typically required to have a contingency fund to handle the loss of money on a bail bond that was forfeited when the person missed their court date. They will also have a contingency fund to hire bounty hunters to track down the person that has skipped out on their bail.
In the event this doesn’t yield the desired outcome, the bail bondsman can seize the collateral that was put up by a friend or family member when a bail bondsman was initially contacted. The selling of that collateral can help compensate the bail bondsman for their time, effort and lost money.
A Bail Bond Company and Oklahoma City will take a fair amount of risk when posting bail for an individual. However, with the procedures they have in place, even if somebody skips out on their court date, the bail bondsman will still typically get paid for their services. If you need to get more information on the services of a bail bondsman, you can look here.
