When you have been arrested and taken to jail, your first thought may center on how to get out of jail quickly. You do not want to sit in a cell for a minute longer than necessary. You want to return home to your friends and relatives. However, when you lack cash and credit, you might not have the money to satisfy your bail amount. You could instead secure your release until your court date by applying for and securing surety bonds.
The bond required to get you out of jail is usually around 10 percent of your bail amount. You will need to pay this amount in cash before the jail can release you and allow you to go home. Getting a bond is itself a legal arrangement that you must abide by carefully if you want to avoid being arrested. The company that puts up the money for you will require you to sign a legally binding contract first.
One of the main points of your contract says you will go to all of your court dates and will not leave town while the bond is still outstanding. Even if you fear being sentenced to jail, you still have to show up to court and face the judge or jury as outlined in the contract. Your initial court date will begin with an arraignment hearing and progress onto the actual sentencing hearing or trial later.
You cannot leave town or fail to miss those dates. To do so can result in a bench warrant being put out for your immediate arrest. You will be charged with an additional offense of jumping bail or absconding while out on bond. When you are charged with this offense, you are not given another chance to bond out of jail. You have to remain there until your court dates.
As long as you obey the terms of your contract, you can benefit from this arrangement. You typically will have the right to call for a bondsman immediately after you have been booked and processed into the jail. If you retain an attorney to represent you, you could even have your attorney make the phone call for you.
Depending on the charge and the amount of cash that must be fronted, you could be ask to secure it with collateral. Collateral is typically anything that you do not have a current loan or lien on and can be sold off quickly to raise cash. The collateral will be necessary in case you default on your bond or if you fail to make payments on time.
The asset may also be necessary if the bondsman and your attorney believe you will end up going to jail. The bondsman has to recoup his or her cash in some manner. The most obvious way to do this could be to sell off whatever you used as collateral.
Paying the full bail amount can be too costly for many people. When you find yourself in this situation, you could instead raise the cash the same day by applying for and getting a bond. This amount typically will equal 10 percent of the bail amount and be used to secure your freedom from jail.
If you are searching for information about surety bonds, come to our web pages today. More details are available at http://www.ifbinsurance.com/bond-product now.