0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How much money does a bail bondsman earn in a year?
90000
How much does bail bondsman pay court?
Nothing. the court gets no money from bondsman. At least not here in california. We only pay the court for summary judgments. When the bond is forfeited and we must pay the bond. And usual court fees, but that's it.
Can a bail bondsmen garnish wages?
Yes, a bail bondsman whom you have entered in to a contract with may garnish wages thru court process if you owe money to them. They must follow the civil suit process as any other debt collector would.
What is meant by Bailout?
The term bail out in financial terms is almost similar to the term out on bail as per legal law. If someone has committed a crime and is jailed they need a bail to come out of jail. Until a Bail is issued the convict has to serve his term in Jail. Similarly if a company is in a financial crisis and is about to go bankrupt they would be looking out prospective buyers or people who can help them manage the crisis. At such a situation, some other company may opt to help them out of the crisis by either buying a stake in the company or by taking that company over. This process would require the approval of all the share holders of both the companies and would take a lot of time to materialize. Once it is approved by the share holders and also by the law makers the buying company would infuse fresh capital into the bought company and help stabilize the financial position of that company.
How do you bondsmen make money?
We make money by bailing people out of jail say for instance if your bail is 10,000 dollars i charge 10% then i get 100 dollars for that bail and 25 goes to my insurance company then i get 75 dollars for my profit.
What all do you have to do to become a bail bondsman?
In order to become a bail bondsman you need to receive your bail bondsman license and take certain exams and need to be approved by the insurance department to be a recognized bail bondsman.
What will i be charged with for hitting a bail bondsman vehical?
my bail go revoked and I hit the bail bondsman's car in the process
How do you get information on the requirements of being a bail bondsman?
In most states the licensing of bail bondsman is done through the Department of Insurance of that state. I would start there when seeking any information.
Can a bail bondsman apprehend from ny to fl?
Yes, a bail bondsman can travel to other states to apprehend fugitives. The courts, in fact, expect a bail bondsman to do exactly that when necessary.
Do you get money back from bail bondsman?
No. When posting bail (bond) you pay a bondsman an amount negotiated usually 10% of the total bail amount. Example $50,000 bail, you pay the bondsman $5,000 then put up co-lateral worth $50,000 and the bondsman is the one to pay the State/Court the balance. If the person on bail forfeits (skips out) on the bail then the collateral becomes property of the bondsman. The original $5,000 is how the bondsman earns his living.
How to become a bail bondsman in Indiana if your not a resident of the state?
Only residents of Indiana can be legally licensed as a bail bondsman.
What is the average cost of liability insurance for a bail bondsman?
About $750/$250,000 with a leading insurance company
Can attorneys and bail bondsman have a partnership?
This matter varies from state to state. In some states the answer is no. A bail bondsman is not permitted to to recommend or enter into a professional relationship with attorneys, for example Indiana. Some other. states allow attorneys to act as a bail bond agent, for example Texas.
How much of the 10 percent does the bail agent give the bonding company?
There are several types of bail agents or bondsmen as they are commonly called. The most common bondsman works unders a surety (insurance) company. They are licensed insurance agents. The bondsman will pay any where from 10 to 20% of the bail bond premium fee , ( the 10% of the face value of the bail bond), they collect from a client, to their surety company. In other words, the bondsman gets to keep 80 to 90 percent of the bail bond premium fee they collect. The rest goes to the surety company. Another type of bondman is a professional of property bondsman. In this case the bondsman pledges real property with the state of county that they wish to operate in, as collateral to gaurantee that they can pay off any bond they write if the defendant skips bail. This bondsman, keeps the full amount of the bail bond premium fee that he or she collects. The last and least common type of bondsman is one that pledges cash or securities with the state or county they operate in in. Again, this collateral is used to guarantee the ability of the bondsman to pay off a bail bond if the defendant fails to appear and can not be located and returned to court or jail. Since this bondsman is pledging his or her own money, they keep the full amount of the bail bond premium fee collected. The term bondsman is gender neutral. Slightly over half of the bail agents in the U. S. are women.
How old must you be to become a bails bondsman?
Bail bondsman are regulated by each state. In most states the minimum age to become a licensed bail bondsman is 18.
Can a bail bondsman garnishee wages?
no
What actors and actresses appeared in The Bail Bondsman - 2005?
The cast of The Bail Bondsman - 2005 includes: Chad Mathews as Sean Thomas
