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Does a bail bondman still earn money if he's not get any business?
Wiki User
∙ 12y ago
Earn money from... what, exactly? Would it be falling from the air into his lap?
That said, I don't know how bail bond agencies work exactly... I'm not sure if their agents are on commission, or if they get paid a salary. If they get paid a salary, then an agent would still be paid for his time... though if the agency isn't getting any business, he's probably going to be out of a job soon. Paying them on a commission basis is a possibility, though it seems a little weird to me... bail bond customers are kind of a "captive audience" (if you'll pardon the expression). It's not like he can go down to the jail and pitch his agency's services to prospective customers.
Wiki User
∙ 12y ago
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What does bail out mean in business?
To bail is to discard water to keep a boat from sinking. Similarly, to bail out someone or a business is generally to keep them from financial ruin. One can partially bail out someone, as to assist them from financial ruin.
What are the names of two of the finance companies that did not take bail out money?
According to CNNMONEY.com there are at least 54 publicly traded companies that did not take a "bail out". Two examples of these companies are Hudson City Bank Corp (HCBK), and People's United Financial (PBCT). Fidelity and Goldman Sachs are two of the finance companies that did not take bail out money. However, companies and banks who did have returned the bail out money as of now. Goldman Sachs took $10 billion in TARP funds. And there are many financial institutions out there that have still not paid back the TARP money.
How much money did Citibank get in bail out money?
300 billion dollars
Did Wells Fargo get government bail out money?
yes
How much money does a bail bondsman earn in a year?
90000
what tipe of clases do i nead to take to be a bail bondman?
Here's a fantastic website that has all the info you need on searching for non profit grants: http://www.usa.gov/Business/Nonprofit.shtml
my husband has a set bail of 2.500 he is in imperial county jail what can i do for him.?
I would call your local bail bondman in Wichita, KS that will help you in posting bond with for your husband.
How do you become a bail bondman/person. Is it something that you hav to go to school for?
do i have to go to school 2 be a bondsman
Does a person released from a court on bail money have to file taxes on that money?
No, it is not considered earned income, nor can it be deducted as a business expense.
Can you get bail money if you have a warrant but haven't been arrested yet?
You can get bail only if you have been arrested and arraigned or the judge who issued the arrest warrant set bail when the warrant was issued (however, arrest is still a prerequisite for making bail).
Where does bail out money come from?
Bail money can come from the the private funds of the individual who is charged, or his family. Also, there are businesses called "Bail Bondsmen" who will, for a fee, loan bail money to the defendant. Their business is to make a return on this investment by charging a fee or interest on the bail amount that is put at risk. (i.e.- for putting up a bail of $1,000. they may charge a $100. fee) If the defendant "skips" and fails to appear in court, the bail bondsman is then out the entire $1,100. Sometimes they can have large amounts of money at risk and this does not make bail bondsmen happy. They will sometimes hire people to locate and return the missing defendant so that they can recovere their money.
If Charges are dropped and bail is exonerated do you have to pay remaining bail to the bailbondsman?
Yes. When you use the services of a bail bondsman you are, in effect, "renting" his services to pay your bond. Whether you are exonerated or not, it is a legitimate debt and you still need to pay the the bail bondsman for the use of his money.
What does bail out mean in business?
To bail is to discard water to keep a boat from sinking. Similarly, to bail out someone or a business is generally to keep them from financial ruin. One can partially bail out someone, as to assist them from financial ruin.
Do you get your money back if the bail has been exonerated?
No, BAIL money is not returned, if you use a BAIL BONDSMAN, If you post the FULL BAIL AMOUNT with the clerk of the jail or court they will refund your money and proceedings are over and the defendant is finally sentenced. Paying a bondsman is usually ten percent of the bail money that the court sets. This is their fee that they charge in the event that you do not have the full amount of bail that the court sets. Bail is used to insure that someone will show up to their court hearing. If they show up and are there throughout the trial, at the end, whether they are guilty or innocent, the bail money is returned.
What happens if you bail someone out of Jail and they are later found guilty?
The bond money is only to ensure that the accused shows up for court. As long as the accused attends all their court appearances, it makes no difference whether they are found guilty or not, the person putting up the bond will have it returned to them. If the services of a bail bondsman are used, the only cost will be the fee for using their services (usually somewhere around 10% of the bail amount). However - if the defendant fails to make a court appearance the bond money is forfeited to the court. Bail is a fee that is paid to the courts to ensure that a person charged with a crime will return to be tried. If the accused does not return for trial, the bail money is forfeited. If the person returns for trial, the bail money is returned. So, it is in the interest of the one paying bail to ensure that the accused returns. That is where bail bonding companies come in. For a fractional amount of the bail, they will pay your bail up front. If you return for trial, all is well (they get their money back and keep your fee). If you don't, they send a bounty hunter to find you and collect the entire amount of the bail (and turn you over to the authorities for skipping bail). But a guilty finding has no effect on the bail payer. Otherwise, bail bonding companies would all go out of business very quickly. The same is true when an individual pays bail. If you pay someone else's bail and they are later found guilty of the crime, that has no effect on the bail payer. If the person returned for trial, the bail money would have been returned to you. If you pay their bail and they skip, you lose the bail money and will have to find the person to get it from them. If they are ultimately found and tried and found guilty, they will be sentenced for their crime (jail, fine, etc.). But the person who posts bail is not affected by the verdict in the criminal case. Paying bail for an ultimately guilty person is not a crime.
If you get arrested on a bench warrant call a bail bondsmen to get you out and have the money on you in jail for the bail can you still get bailed out?
Yes, you just have to wait until they add your money to the books. But if you have the money on you why would you call the bondsmen?Added: Re: the clarification that was added to the discussion page. The answer is yes, you can do it that way.
If you post bail for someone and they jump bail what are the consequences for you?
You lose your money.
