If you or someone you love has been arrested and cannot afford to pay the full amount of bail, you need a bondsman in Scranton, PA, from Always Available Bail Bonds LLC. A bail bond is one kind of court surety bond that allows the arrested person to be released from jail by guaranteeing that he or she appears before the court on the designated date. If that person fails to show up in court, the bail bond company pays the full amount of the bond, and this sum is forfeited to the court.
For petty crimes, bail bonds vary and are based on the location of the arrest. Wait times for release also differ and depend on whether or not the defendant is being held at a local city jail in a police station or has been sent to the county jail.
The following are some of the most common questions (with answers) about how a bail bond works:
- Is collateral required for a bail bond?
Collateral is not required for most bail bonds because bail collateral is taken in place of or in addition to bail money to secure the defendant’s release. Bail money is a type of loan to ensure that the person appears in court. Collateral can be a property, jewelry, vehicle, or any other valuable asset that is in a defendant’s or a cosigner’s name.
- What happens if the bail bonds company is not paid?
You owe the amount of money you agreed to pay to the bail bond company or agent. If you do not pay, a bail bond company may sue you for the money owed in civil court. If the bail bond agreement you signed includes collateral, you may be secured by personal assets that have value. If you don’t keep your end of the bond agreement, the bail bond company takes ownership of the asset and acquires the value of it to counter the amount that you still owe them.