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Divide the estimated 8.5 trillion total by the current U.S population of people over 18 yrs.old. 120,000,000 (Census estimations from 2007) $8,500,000,000,000 / 120,000,000 people = $70, 833 and some change There is plenty of room to argue the accuracy of either of these numbers, but sufficice it to say, even half that return would be an extrordinary boost to any household. And the money flowing back into the economy would do more for the overall health of the national economy (not to mention morale) than giving it to corportions who have long lost our trust.
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How do bail bondsmen make money?
Bail bondsmen make money by charging a non-refundable fee, typically around 10 of the total bail amount, to post bail for individuals who cannot afford to pay the full bail themselves.
How do bail bonds companies make money?
Bail bonds companies make money by charging a non-refundable fee, typically around 10 of the total bail amount, to post bail for individuals who cannot afford to pay the full bail themselves. This fee is their profit for taking on the financial risk of ensuring the defendant appears in court as required.
How much money do you need to become a bail bondsman?
To become a bail bondsman, you typically need to have a certain amount of money set aside as collateral, which can range from 5,000 to 50,000 depending on the state. This money is used to secure the bonds you will be issuing.
How does a bondsman make money in the bail bond industry?
A bondsman makes money in the bail bond industry by charging a non-refundable fee, typically around 10 of the total bail amount, to post bail for a defendant. This fee is the bondsman's profit for taking on the financial risk of ensuring the defendant appears in court. If the defendant fails to appear, the bondsman may also collect collateral, such as property or assets, to cover the full bail amount.
How do bail bondsmen make money and what are the key factors that contribute to their financial success in the industry?
Bail bondsmen make money by charging a non-refundable fee, typically 10-15 of the total bail amount, to post bail for individuals who cannot afford it. The key factors that contribute to their financial success in the industry include a steady flow of clients, effective marketing strategies, strong relationships with law enforcement and legal professionals, and a good understanding of the legal system and bail process.
If you post 10 percent bail for someone they appear in court but is found to be guilty do you receive a refund of your money back?
Yes.
Did capital one receive any government bail out money?
3.56 Billion and then doubled people's credit card apr's
The eighth amendment guarantees that a citizen will not have to post excesive bail?
That is correct. The 8th amendment prohibits excessive bail.
The 8th amendment guarantees that a citizen will not?
have to post Excessive bail.
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.
How do bail bondsmen make money?
Bail bondsmen make money by charging a non-refundable fee, typically around 10 of the total bail amount, to post bail for individuals who cannot afford to pay the full bail themselves.
Money to guarantee appearance in court?
Bail bond Surety bond. Bail
How do you pay bail money when someone is arrested?
When someone is arrested, bail money can be paid in cash, through a bail bond company, or by using property as collateral. Bail is a set amount of money that allows the arrested person to be released from jail until their court date.
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.
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.
Does a bail bondsman carry a gun in nc?
A bail bondsman has the same authority to carry a gun as any other private citizen. No more, no less.
