Getting arrested is no laughing matter. Trying to come up with bail when you’re broke is even less funny. Fortunately, there is a bail bond company in Peoria that’s on call 24/7, waiting to help assist people in need of getting out of a jail cell and back home. They can initiate the bail bond process on your behalf and have you out of jail in no time. Here’s how it works.
Arraignment and Bail Hearing
In today’s fast-paced world, arraignments and bail hearings typically coincide. The court imposes bail to ensure that whoever posts it returns to court for their trial proceedings. A bail bond equals 10 percent of the total bail per Arizona law. This percentage is the bond agent’s nonrefundable fee. The bond person presents the bond to the court on your behalf. When you return to court for trial proceedings, the court refunds the bond agent.
How to Pay for a Bail Bond
How do you even come up with the 10 percent that serves as the bond agent’s payment? This must be paid through payment arrangements by you or your loved ones, as there is still the outstanding bail amount for the collateral that has to be addressed. Collateral is something of monetary value that can serve as payment in place of legal tender. Depending on the bond agent, many things qualify as collateral: real estate, cars, jewelry, electronics and firearms. If you don’t have collateral, you may need an indemnitor. An indemnitor is a co-signer who agrees to shoulder the burden of paying full bail should you skip trial proceedings.
For more info, contact Business Name at Website Url, your local Bail Bond company in Peoria that’s proudly and effectively served the community for 10+ years.
