How Bail Bonds Work

The word bail is mentioned in the Eighth Amendment to the United States Constitution, which states, “Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.” Although the right to bail is not a guaranteed right, it’s useful to know what the term signifies.

In case you ever find yourself in a situation where you need a bail bond in order to get out of jail, it is important to understand how the process works. A bail bondsman provides the court with a financial guaranty that when released you promise to return and stand before any judicial proceeding against you. Depending on the amount of bail set by the court, via a judge or magistrate, you may be required to provide an amount equal to 10 percent of the bail or the full bail.

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Below is a discussion of how the bail bonds process works, the types of bail bonds used, and the consequences you may face if you fail to honor the terms of bail. This information may prove valuable should you ever find yourself in a situation where you need to arrange for bail for yourself, a relative, or an acquaintance.

Arranging for Bail Bonds 

The process for arranging a bail bond begins with an arrest. Generally, a person arrested for a crime with no extensive prior criminal record is eligible for bail. The right or eligibility to bail is determined on a jurisdictional level, which varies from state to state and within states. Once an individual has been arrested, booked — which involves getting fingerprinted, photographed, and having a record of the arrestee’s information created by law enforcement — a determination is made whether the offense warrants bail eligibility. The arrested individual will be taken before a hearing officer, magistrate, or bail judge for a status hearing and possible release under bail.

The purpose of a bail hearing is to set an amount for bail as well as the conditions of release and future court dates. Once set, an individual or company known as a surety or guarantor puts up a bond in the amount of the bail. An amount equal to a percentage of the surety bond or the entire amount will be paid by the arrested individual — as arranged for by someone related or connected to the arrestee — and must be secured before release.

Bail Bonds Requirements Differ by Jurisdiction 

Bail bonds, which make up what is known as the pretrial release process, can be financial and nonfinancial. Of the financial bonds, including surety bonds, full cash bonds, and property bonds, surety bonds are what bail bondsmen issue. A study of felony defendants between 1990-2004 in the country’s 75 largest counties by the DOJ’s Bureau of Justice Statistics found that 69 percent of those defendants released on bond were released through surety bonds.

Consequences of Failing to Honor a Bond 

The United States remains the only country that allows bounty hunting. A bounty hunter — glamorized by individuals like Duane “Dog the Bounty Hunter” Chapman on the A&E Network — is someone hired by a bail bondsman to retrieve a fugitive who “skips” bail. Bounty hunters, unlike bondsmen, are not always regulated and or licensed by a state, and have the power to use “reasonable” force to apprehend a person, including and up to lethal force. Skipping bail is also a crime, and can cause additional punishments to be levied onto a sentence if and when the fugitive is eventually caught.

Bail BondThis article was written by Robert Tritter, an aspiring lawyer who hopes to help you understand the legal process better. He writes this on behalf of OK Bail Bonds, your number one choice when looking for bail bonds in Texas. Check out their website at for more information!

Sound Investments in the Current Financial Market

As the stock market continues to rebound from its lows of 2008 and 2009 and the doldrums of the recent financial recession, several industries have begun to show promise as the best bets for your money in 2013. Although it should be cautioned that as markets move over time certain industries fall in and out of favor with the market based on the cyclical nature of the stock market, these industries deserve consideration for inclusion in your stock portfolio. As always, you should follow a disciplined approach to investing and base investment decisions on your own situation.

A Look at the Stock Market

The Dow Jones Industrial Average, a measurement of the bell weather companies trading in the U.S. and a top benchmark index, is up 12.94 % for the period December 31, 2012 to June 21, 2013, while the S&P 500 Index, a broader-based measurement of the market than the Dow Jones, is up 11.66 % for the same period of time. Industries that have led the way in the recent stock market insurgence include banking, specifically credit cards (up 5.23% over one year period June 25, 2012-June 22, 2013) and auto financing (up 3.8% and financial planning, up 4.65% for the above stated year to year period).

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Inside the Banking and Financial Services Industries

Strong growth within the banking and financial services industry in 2013 is fueled in part by the strong overall rise in the stock market and a rebound from the lows experienced by several financial institutions after the financial turmoil of 2008-09 and the resulting government bailout and purchase of “toxic assets” from the balance sheets of the banks. Banks have recovered nicely from an increase in housing sales, at a rate of 5.18 million homes in the month of April sold, up 13 % for the year. This activity has led to heavier lending activity on the part of banks. Stocks to look for in the banking sector include Bank of America (NYSE: BAC), Morgan Stanley (NYSE: MS) and Sun Trust Bank (NYSE: STI). Each of these well-capitalized companies (a combined $200 billion in market capitalization) who also offer a portfolio of financial management services to clients, as evident in the rise in the financial planning sector, are poised to benefit from the complete repayment of TARP funds and resurgent growth in the banking and financial planning sectors. Please understand that the information presented here does not represent specific investment advice based on your own situation, as well as financial goals and objectives. You should consult with a financial advisor or another investment professional before investing any money and also understand that all investing involves risk, including the possibility that you may lose some or all of the value of your investment.

Successful Financial Management

This article was written by Richard Craft, an MBA student who looks forward to helping you with your personal finances. He recommends taking a look at the finance jobs with money when looking to get your career started in finance! Check them out today and see how they can help you!you can best insurance technique.

Mostly Used Terms With Bad Credit Car Loans and Car Finance

The terms used with automotive finance and dangerous credit automotive loans will be confusing, thus here square measure a number of these and an evidence of what they mean. when reading this, terms like balloons, automobile equity and debt to financial gain magnitude relation can ne’er confuse you once more. Learn their language thus you’ll speak to them on equal terms.
The Annual share Rate, or verify charge per unit charged for a loan over a year – whether or not regular automotive finance or a nasty credit loan.
Auto Equity Loan
When you purchase an automotive you ordinarily get the papers or title to the vehicle. However, with several dangerous credit automotive loans, the loaner gets the title reciprocally for the money to alter you to acquire it. You get the title once you’ve got repaid the loan. This way, if you default your payments, the loaner keeps the automotive and might sell it to use the equity on the automotive to repay the loan. If there’s any money left when the sale, then you would possibly lean this.
Balloon Payment
If you suspect that you just can have more cash out there near the tip of the loan amount, you’ll prepare a balloon payment. Your monthly repayments are going to be less, and you create the ultimate payment once it’s due. Balloon payments square measure helpful after you have associate insurance maturing at the tip of the amount or expect to own been able to lay aside a payment to form the ultimate payment.
Debt to financial gain magnitude relation (DTI)
This is the magnitude relation of a borrower’s total debt as a share of their total financial gain. Some lenders set a most DTI higher than that you can not borrow any longer cash – twelve months is a median figure. Embody all alternative debts you’ve got, not simply your auto loan.

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The depreciation is that the quantity by that your vehicle loses worth with age, wear and tear. the identical term applies to the worth of cash, and whereas the worth of your automotive depreciates, the worth of your greenback can even depreciate. Essentially, the marketing worth of your automotive can depreciate each yr, most depreciation going down between being utterly new and having been used.
Equal Credit chance Act (ECOA)
This is a federal act by that all creditors should build credit equally out there to all or any consumers no matter race, color, religion, national origin, gender or age. However, lenders aren’t obligated to supply credit if they believe it should not be repaid, thus not a soul is entitled to dangerous credit automotive loans – or maybe to automotive finance of any kind if the loaner has valid reasons to not supply it.
Equity is that the distinction between the marketing worth of a property (e.g. your car) and what you continue to owe thereon. Thus if your automotive includes a marketing worth of $5,000 and you continue to owe $3,000 to the loaner, your equity is $2,000. this is often called positive equity. Negative equity is as this instance however you continue to owe $5,001!
Gross Monthly financial gain
Your total monthly financial gain before any deductions. Deductions embody tax, support payment, insurance, etc. Internet monthly financial gain is your financial gain left when such deductions.
An alternative to purchasing a vehicle. If you lease an automotive, you essentially rent it, whereas the owner retains title thereto. A lease is usually confiscated a far longer amount than a rental – several leases run years.
Loan-To-Value magnitude relation
Also called LTV, this magnitude relation is that the share of the distinction between a loan quantity and a vehicle’s worth. If your automotive finance is for $5,000 and also the worth of the automotive is $10,000, then the LTV is five hundredth. The loan is five hundredth of the worth of the vehicle.
Monroney Sticker
This is a value sticker needed on all new vehicles by federal law. The sticker lists all the choices connected with the automotive along with the manufacturer’s steered retail value (MRSP.) The MRSP will modification if choices square measure completely different between models or offers.
Payment to the financial gain magnitude relation
The PTI may be a figure explicit by a loaner that defines the utmost auto loan the loaner is ready to supply supported the applicant’s financial gain. This helps to avoid borrowers overextending themselves and being unable to form the monthly repayments. Current averages vary from 100% to fifteen.
Pink Slip
The dismissal is that the title for the vehicle, and will be provided to every purchaser of that vehicle down the road – rather like the deed of conveyance for assets property.
This is the amount of the loan from getting down to finish, from the time the loan has been granted till it’s owing to be paid off fully.
Title Loan
Like the automobile Equity Loan, the automotive is that the security for the loan, and also the loaner keeps the title for the vehicle until the loan has been repaid. this is often a standard arrangement for dangerous credit automotive loans.
This is a federal law that needs each loaner to state the proper annual share rate (APR) to borrowers once buying a vehicle, whether or not this is often a daily or dangerous credit auto loan.

Mostly Used Terms With Bad Credit Car Loans and Car Finance

Their square measure others, though these square measure a lot of vital of the common terms you may encounter once seeking automotive finance – whether or not regular automotive finance or dangerous credit automotive loans. You can also see education loans.

Federal debtor-creditor rights: The provisions included in the BAPCPA

Bankruptcy is the last resort for the critically insolvent people to wrest their financial obligations once and for all. The U.S Congress has set some rules to govern bankruptcy proceedings and expects all the parties involved to comply with them.

Bankruptcy law – A basic definition

Bankruptcy law is actually a federal statutory law included in Title 11 of the United States Code (USC). A Bankruptcy Code has been passed by the Congress as per the U.S Constitution Article I, Section 8. This law authorizes the Congress to devise bankruptcy laws that would apply to all the states that lie within its official jurisdiction.

States are not conferred with the rights to administer bankruptcy. However, the Constitution grants them the provision to come up with laws that is related to other associated matters like a debtor-creditor relationship. In Title 11, a number of sections have been devoted to laws regarding debtor-creditor in the individual states.

Bankruptcy proceedings and the United States Trustees

The United States Bankruptcy Courts supervise bankruptcy proceedings and preside over relevant litigations. They function under the District Courts of the United States. Both the supervisory as well as administrative duties of the bankruptcy proceedings are handled by the United States Trustees.

The Supreme Court enjoys the confidence of the Congress to promulgate laws to govern bankruptcy proceedings in the country.

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Bankruptcy and the BAPCPA

The BAPCPA stands for the “Bankruptcy Abuse Prevention and Consumer Protection Act”. Basically, it was enacted to make it tougher for the debtors to qualify for Chapter 7 bankruptcy by evaluating their ability to repay their debts on the basis of a means test. This test weighs the monthly income of the debtors within their state of residence and grants them with allowances according to their projected monthly expenses.

Such monthly expenses are determined on the basis of rates that have already been decided by the Internal Revenue Service (IRS), along with the allowance for their real monthly expenses. If the median income of a Chapter 7 bankruptcy filer exceeds and is left with an excessive amount of disposable income after paying his or her monthly household needs, then such a debtor won’t qualify for it to come out from debt.

 Federal debtor-creditor

Debtor and creditor relationship

Creditors are primarily divided into those who have put a lien on the debtors’ properties, creditors that command priority interest and ones that don’t have a lien on the debtors’ properties nor do they enjoy any kind of statutory priority.

Speaking about the lien creditors (like mortgage lenders), they can liquidate the assets of the debtors to satisfy their debts. While creditors with priority interest (for example, federal student loan lenders), would be paid much ahead of any other creditors and they are subjected to the Federal Tax Lien Act. Finally, creditors, no liens will come much later in the priority list of parties to receive the payments from the proceeds made after liquidating a debtor’s assets.

Apart from them, there is a non-bankruptcy debtor-creditor relationship that is governed mainly by the statutory as well as common law. More, Tort law like defamation restricts debt collection activities and they are administered by the state courts.

As far as satisfying their debts are concerned, creditors take advantage of legal provisions like wage garnishment and attachment. Wage garnishment refers to the seizure of monthly income, barring some exempted ones like Social Security benefits, to recover their loan money, after setting aside a minimal amount of living cost for the debtors aside.

Alternatively, attachment allows the creditors to seize a part of the debtor’s property to satisfy their debts. However, the Federal Consumer Credit Protection Act, federal and state statutes have put a cap on the kind of properties that can be exploited by the creditors to recover their outstanding loan balances from the debtors.

Money Management for Your Higher Education Today

Many college students concur that money management is not as easy as it first appears. Even with all the advice that comes from college tutors parents and friends, you will still find they you are misspending in one area or the other. Well, there are no new rules when it comes to saving; you can only claim to be saving if the sum total of your expenses is lower than your income.

Here are 5 top tips on money management for college goers;

Always operate on a budget

Interestingly enough, this is one thing everyone has already heard about. It’s what we grow up hearing. Sadly though, it is the only way to restrict your spending. One advice when drafting a budget is to include literally everything that you will be spending money on. If it’s the Christmas season and you are planning to buy a card for a loved one then that too has to be within the budget. Take advantage of online tools like the Online Budgeting Tool which is which is available for students living and studying in England.

Open a savings account

The fact that higher education loan and grant payments are made on a termly basis has left most students quite exposed. These students operate on weekly or monthly bills yet their income (grants and loans) come once at the beginning of every term. If you don’t have a plan in place to manage the weekly or monthly spending, it is easy to clear your account before the end of the term.

A good idea is to open a savings account which makes equal deposits into your account at the end of every month for the whole term. This way you always have something to look to at the end of every month. It also helps you to be more prudent with your spending.

Start thinking of ways to increase tour income

There are plenty of income-adding avenues for both full-time and part-time students within the UK. To start with, all universities and major colleges within the UK run hardship funds which you could apply for. One could also consider the numerous trusts and charities that offer educational grants to students. Apart from those, one can also opt for a part-time job to generate some extra money.

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Consider cutting on your spending

One of the surest ways of making a saving is to reduce your overall spending. Start by cutting on what you buy when you go shopping. Check your shopping list and remove what you may not need yet. Other avenues that could also save you a few coins include;

· – Ensure that you are getting your health benefits as required.

· – Are you claiming your student travel discounts?

· – Also check on your council and income tax obligations as a student.

Finally, go for advice whenever necessary

There are numerous bodies and agencies which are in place just to advice students like you on college life and money management. One such body is the National Association of Student Money Advisers (NASMA) and the other is Money Advise Service which is a project of the government.

Final remarks

Saving is important to all students. Having a continuous flow of money to support your day to day needs gives you the moral and mental strength throughout the term. This makes it much easier to concentrate on your class work. A NUS Extra Card even entitles you to a few discounted mobile and broadband services. Check if they can subsidize your student passport renewal too.