With a growing concern for the safety of loved ones in an especially uncertain time of health and finances, one industry that sits in a particularly peculiar sector is bail bonds. We have seen from past experiences that jails the like have been host to numerous outbreaks of SARS, tuberculosis and now the novel coronavirus. A concern of the state and city judicial system is whether or not they should keep petty offenses locked away or release them to the general public. In Colorado Springs, CO it seems they have chosen the latter, with more people being released from their cell to await trial at a further date. The bonding industry has taken a hit in this regard as more low level offenses are not generating calls into their offices. And with the expectation that they will come back after things “clear up” it has made for an interesting time where bonds aren’t revoked and bounty hunters sit around waiting for a dry industry to pick back up. The next concern is how will the courts handle inmates not returning for the remainder of their sentence? One area that is still booming is high bonding amounts. People who have caught serious charges and with bond amounts of $100,000 is on the rise. This has helped Colorado locals Jimmy Pesavento and Randy Riggins keep their doors open during a once-in-a-lifetime outbreak. With the help of other industries such as gps monitors the courts are allowing for the release of inmates to avoid possible petri-dish scenarios within the jails and on a form of collateral.
How Covid-19 affects bail bonds
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How COVID-19 affects the bonding industry