If it’s not bad enough dealing with some of the social and psychological consequences of criminal proceedings, you also have to consider that many times financial aspects are involved. Sometimes you get money for a criminal prosecution. Other times, you have to pay money to some other party. The legal system is in place to try to standardize some of how financial systems are threaded together with criminal ones.
So where might you run into some of these concerns? Well, you may have to pay a lawyer to defend you against criminal charges. It may be that you have to post bail for yourself or someone you know during your lifetime. There is the loss of money due to a negligent injury that may have occurred to you. And then there is the concept of forfeiting income because you owe money to someone, for example in the case of child support.
Defending Against Charges
Whether you actually did something or not, you may end up in a position during your life where you have to defend against criminal charges. Sometimes these charges are put up against you in an illogical manner, and other times you just have to face the consequences for your actions. In any case, the defense against these charges can cost you a lot of money, so it’s important to understand that there is an economic reasoning behind some of your decisions.
If you’re trying to get out of jail after being arrested, you may have to post bail. This is a sum of money that suggests that you will return to court or you will forfeit that cash. A lot of people don’t want to spend any more time in jail than they have to, so they figure out how to post bail as quickly as possible, with the understanding that they have to follow the rules to get that bail money back.
Loss of Money Due To Negligent Injury
If you are injured somehow, and because of that injury can’t work at your job or potentially lose income in some other way, then that can be a fast and dramatic hit on your financial spectrum. If your loss of money is due to someone else’s negligence, you can potentially sue that person not only for the money lost, but also for psychological pain, suffering, and distress.
And there might be a case where, because of criminal charges or even just a particular kind of arrangement, your money is not actually your money. Some of your money belongs to someone else, for example in something like a child-support situation. In those specific instances, the government or some other legal entity can forcibly take some of your income and put it in someone else’s account.