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How much money was the bail out plan?

Updated: 8/17/2019
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15y ago

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a penny

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15y ago
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Q: How much money was the bail out plan?
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How much money did Citibank get in bail out money?

300 billion dollars


How much money does a bail bondsman earn in a year?

90000


What is the Bail Out Plan?

Clearly, judging by the number of answers here (0 plus my comment), the Bail Out Plan is something no one understands...


How much money wll the bail cost if you have two strikes?

I doubt you will get bail at 2 strikes. I would worry more about how much jail/prison time. Three stikes and you are OUT.


If you post bail for someone and they jump bail what are the consequences for you?

You lose your money.


What word refers to the money or property an accused person gives to a court to hold as a guarantee that he or she will appear for trial?

Bail.


Can you travel by plan from province to province while on bail?

That would depend on the terms of the bail set by the courts.


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He had to pay $50,000 [£35,094] bail


How does bail money work?

Bail money is used to make sure someone shows up to court. If they show up their money is given back. If someone uses a bail bondsman they charge a percentage for covering the bond and they don't get any of the money back.


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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.