You have to put up collateral. The 10% you put up will never be returned.
That is a really good question for the bail bondsman. What is the charge? It may be that he is better off to serve the time before the hearing (if you think he is guilty) and 20K is a lot of clams, btw.
If you have the money, you can pay the $1000 dollars. But if not, you would have to fork over something as collateral which would equal the amount required in funds.
EDIT: Can’t even spell ‘collateral’ right tonight. Man…! What a day! lol
You will have to both. You have to put of cash for 10% and have some other collateral to cover the balance.
Thats it 10% is 20,000 you pay 2,000. Ten percent up front an then pay the rest on terms given by bondsman.You are responsible for this person showing for court dates till convicted or dismissed.Meaning 10% of 2,000 then pay of the 2,oo0
it is up to the bondsman whether to require collateral. i find it unlikely that any bondsman would post this bond w/out collateral, but who knows.
i would defenitly post bond. pay the 2,000. They will usually let you make payments until it is paid off. Depends what the charge is but after your on bail it could be a year or more before he has to start going to court.
10% should be fine.