A friend or family member's arrest can be a stressful time. If bail is set, you might be asked to co-sign a bail bond. Co-signing allows the defendant's release from jail before trial, but it comes with significant responsibility and risk.
This blog will explain what you need to know before making this financial commitment.
What is a Bail Bond Co-Signer?
When someone is arrested, the court sets bail, a monetary amount that guarantees their appearance in court. A bail bond company can post bail for the defendant, usually for a non-refundable fee (typically 10%). However, the co-signer becomes financially responsible for the full bail amount if the defendant doesn't show up for court dates.
Responsibilities and Risks of Co-Signing
·Financial Responsibility: If the defendant skips bail, you, the co-signer, are on the hook for the full bail amount. This could have serious financial consequences.
·Collateral: Bail bond companies may require collateral, such as your car or property, to secure the bond. You risk losing this collateral if the defendant fails to appear in court.
·Credit Score Impact: A defaulted bail bond can damage your credit score for years.
Before You Co-Sign
·Understand the Charges: Know the severity of the charges and potential consequences for the defendant skipping bail.
·Discuss Court Appearances: Ensure the defendant understands their responsibility to appear in court and the repercussions of missing a date.
·Consider Alternatives: Can you help the defendant secure the bail amount through other means, such as borrowing from family?
·Seek Legal Counsel: A criminal defense attorney can advise you of the legal implications of co-signing and explore other options for the defendant's release.
The Law Office of Robert M. Maurer II & Associates: Your Trusted Criminal Defense Team
Facing a loved one's arrest is a difficult situation. Our team at The Law Office of Robert M. Maurer II & Associates has extensive experience in Texas criminal law. We include criminal defense attorneys, felony attorneys, and criminal justice lawyers who can advise you on your legal rights and explore options for the defendant's release.
We understand the complexities of the legal system and can guide you through this challenging time. Contact us today for a free consultation. Call 210-222-8284 to discuss your situation with an experienced San Antonio criminal defense lawyer.
Disclaimer: This article is only intended for educational purposes and shouldn't be used as a substitute for legal advice.
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