Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Locomotive Breath

If they put up $400,000 in cash for the bail, they get it all back. But if they bought a bail bond, which is what most people do, they pay a premium of 10%, and that money is gone forever. It's what the bailbondsman gets for his risk in bonding the $400,000, which will be lost to him if the accused skips out.

I'm not aware of how they got the bond money put up, and I may have assumed they bought a bond when they didn't. If either they or someone else put up 400 grand, there is no 10% premium.


448 posted on 05/20/2006 9:06:38 AM PDT by David Allen (the presumption of innocence - what a concept!)
[ Post Reply | Private Reply | To 446 | View Replies ]


To: David Allen

From what I understand the "accused" showed up at the court with cashier's checks for the full amount.


481 posted on 05/20/2006 10:27:38 AM PDT by El Gran Salseron (The FR Canteen's Resident Equal Opportunity Male Chauvinist Pig! :-))
[ Post Reply | Private Reply | To 448 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson