What is a bond assignment?

Southern Illinois Criminal Defense

After an arrest, a bail is set for the defendant. A bail is a conditional release, where the defendant promises to appear in court, and as collateral posts money. The amount of money required varies on case type and the seriousness of the charges. The purpose of bail is not to be so high and prejudicial that it keeps the defendant incarcerated, but to ensure the defendants presence in court.

Many Illinois felony charges come with very high bail. The defendant is required to pay 10% of whatever the bail is set at in order to be conditionally released. Many defendants charged with felonies seek to hire private attorneys to represent them. However, felony attorneys can be quite expensive because of the amount of hours required to defend them. So many felony lawyers will take what is referred to as a bond assignment.

Bond assignments is where your bail is assigned to be released to someone else at the close of the case. For example, if your bail was set at $50,000, you would have to post $5,000 to be released. You hire an attorney who agrees to take a bond assignment for the $5,000. Therefore, if your attorney gets the case dismissed, the $5,000 is then refunded to the attorney for his services.

Olson & Reeves are Mount Vernon Criminal Defense attorneys who can help represent you in your felony or misdemeanor case. We offer free case evaluations.