The Fastest Way to Get Out of Jail for a Probation Violation

Posted on July 7, 2022 by admin

Violating your probation terms is a serious offense. Most probation officers, prosecutors, and courts will not be keen to accommodate you in terms of leniency after doing so. Fortunately, most violators of probation are still granted bail privileges; and if you choose the right approach, you can get you or your friend out of jail real fast.

Continue below to learn the fastest way to get out of jail for a probation violation, whether for yourself or a loved one.

Probation Violation Bail Indianapolis Indiana 317-876-9600

Probation Violations and Bail Privileges

If you do not follow the terms and conditions set forth in your probation agreement, you will be penalized. Sometimes the penalty is minor, such as additional community service hours, fines, or probation time. In other cases, violating your probation will subject you to an arrest warrant and new criminal charges since violating probation is a crime in itself. A defendant might face jail time up to one year, or be sentenced to home detention, also known as house arrest.

In most cases of probation violations, judges will grant bail privileges. However, there are cases in which bail is denied. This usually happens when the crime is very serious, like kidnapping, sexual assault, murder, homicide, or a violent crime. It might also be the case if the defendant is a habitual offender and has several priors on their record.

How to Get Out of Jail for Violating Probation

Let’s get straight to the point: the fastest way to get out of jail after violating probation is to hire a reputable and skilled Indianapolis bail bond company. There are literally hundreds of bail bondsmen to choose from in your area, but not all of them are a trusted source for bail bond service. It is important that you choose an Indiana bail bond agent who is extensively experienced and has long, good standing relationships with the local jails and courts. These agents will be the ones who can get you released from jail the fastest.

After violating probation, you will be marked for an arrest by warrant. At this point, you should hire an Indianapolis bail bondsman to prearrange a bail bond prior to your surrender. In the case of arrest warrant surrenders, you can likely get out of jail within an hour with the right agent on your side.

If you witness a friend or loved one being arrested for a probation violation, simply contact a reputable bail bondsman and give them the details of your friend’s arrest, including the location, name, age, and anything else you know. If all you have is a name, your bail agent should be able to locate them and move forward with the bond process.

Are you wondering which Indianapolis Indiana bail bond company to trust for the fastest bail bond service around? Contact Woods Bail Bonds at 317-876-9600 to speak with a friendly and experienced bail bond agent in Indianapolis, Indiana. Request a free estimate or information, anytime.

How to Resolve an Arrest Warrant as Fast as Possible

Posted on June 28, 2022 by admin

Arrest warrants are not something to mess around with. Many people make the grave mistake of assuming their warrant is not serious nor time-sensitive, but this couldn’t be farther from the truth. If you have an arrest warrant, or outstanding arrest warrant, it is important to act now, before you begin to incur additional legal consequences.

Anyone who must surrender to an arrest warrant wants to know how to get the process over with as soon as possible. Fortunately, there is a way to do this. Continue below to find out how to resolve an arrest warrant quickly and securely.

Get Out of Jail Indianapolis Marion County 317-876-9600

Bail Bonds are the Fastest Way to Satisfy an Arrest Warrant

You might be asking yourself, “How can a bail bond help me turn myself in for a warrant?” Well, the answer is by prearranging your release. Many bail bond companies offer prearranged bail bond services that are reserved for those who need to surrender to an arrest warrant. Not only can this service be outsourced by you and you alone, meaning you do not have to involve anyone else in the process nor tell anyone for that matter, but it can get you in and out of jail in as little as one hour. You just have to choose the best bail bond company in Indianapolis for the job!

How to Get a Prearranged Bail Bond

Your first step to resolving an arrest warrant using prearranged bail bond service is to find a reputable bail bondsman in the county of the jail requesting your surrender. When searching for Indianapolis bail bond companies, be sure you are focusing on bail agencies with several years of experience and plenty of customer amenities, like free jail information, free rides to and from the jail (from their office), and more. These agencies will have the resources and relationships necessary to expedite your release from jail after an arrest warrant surrender.

How Prearranged Bail Bonds Work

You will visit the bail bond office and fill out all the paperwork necessary to enlist their services; this includes a legally-binding contract known as a bail agreement. At this time, you will also make your payment. Bail bond fees are nonrefundable, but priced fair, as they are regulated by the state.

The bail bondsman will take you to the jail and drop you off at the intake entrance. You will be physically arrested and booked into the jail’s system. While this is happening, your bail bondsman is posting your bail.

As soon as you are finished being processed into the jail and your bail is posted, you are free to be released. Your bail bondsman will be at the exit lot waiting for you to walk out. They will drive you back to their office where you will complete any remaining paperwork or business.

Your duty from this point is to obey the law and terms of your bail agreement, including appearing for your court date.

Do you know which company has the best reputation and delivers the fastest bail bond services around Indy? Contact Woods Bail Bonds at 317-876-9600 for quick and secure bail bonds for arrest warrants in Indianapolis, Indiana. We offer prearranged bail bonds and probation violation bail bonds too!

Are You Searching for a Notary Public in Indianapolis?

Posted on June 22, 2022 by admin

If you are searching for a Notary Public in Indianapolis, Indiana, you have come to the right spot. Continue below to learn what you need to know about getting a document notarized, including tips for finding and hiring a Notary Public near you.

Notary Public Indianapolis Indiana 317-876-9600

Why Do We Notarize Documents?

Document notarization is important procedure because it helps deter crimes of fraud, extortion, and bribery. In terms of litigation, they are significant pieces of evidence, as they are considered self-authenticating. This means that the signatures on a notarized document are not to be disputed. Basically, notarization serves as a secured form of verification for important documents.

Which Types of Documents Require Notarization?

Documents that typically require notarization are government or contractual documents, as well as affidavits, powers of attorney, living wills, mortgages, easements, deeds, trusts, insurance policies, and similar binding arrangements or agreements. Although the parties are not required to fully understand what they are signing, it is important that they are doing so willingly and in the right state of mind.

What Does a Notary Public Do?

A Notary Public is responsible for being a third-party witness to the signing of important documents. Not only are they responsible for witnessing the actual signing of the documents, but they are also they are to ensure that all parties who are signing the document are of sound mind and doing so under their own free will. However, it is important to understand that a Notary Public is not a police officer. They are not responsible for identifying fraud or illegal activity. They are simply there to witness the signing of documents and ensure that all parties are doing so intentionally and willingly.

Rules of Notarization

Documents must be signed in the presence of the notary, and not before arriving at the notary’s office. The Notary Public must witness the actual signing of the document for the document to be legally notarized. In fact, Notary Publics administer an oath to both parties prior to the signing of the documents. This is one way they ensure that all parties are of sound mind and willingly participating in the signing. They may also be required to state how they confirmed the identities of both parties, such as asking for photo ID or knowing them previously.

Notary fees are regulated by the state. This means that Notary Publics are free to charge whatever fee they like, so long as it is within the limitations set by the state’s Department of Insurance.

Are you looking for a qualified and licensed Notary Public in the Indy areas? Contact James Woods, Notary Public and owner-operator of Woods Bail Bonds, at 317-876-9600 for professional notary services in Indianapolis, Indiana. James is licensed to administer oaths, as well as witness and authenticate legal documents and contracts. He may even be able to perform e-notarizations using electronic signatures, so no travel is necessary! Best of all, our notary fees are the lowest around town!

Steps to Take Before and After Obtaining a Bail Bond for Someone

Posted on June 9, 2022 by admin

Bail bonds are a remarkable asset, and privilege for that matter, for anyone who needs to surrender to an arrest warrant or bail someone out of jail. In order to reap the most benefits from bail bond services, it is important to know your responsibility in the process.

Continue reading to learn which steps to take before and after obtaining a bail bond, whether for yourself or for someone else.

Bail Bond Services Indianapolis Indiana 317-876-9600

Bail Bonds and Alternative Options

As someone who needs to obtain a release from jail, you have more than one option to choose from. You can use a bail bond, which allows you to only pay a small percentage of the bond premium, or you can pay the jail directly, which would force you to pay the full bond premium in cash or collateral. Examples of collateral include real estate, bank accounts, vehicles, stocks, and any other liquid asset. Bail bond companies will also accept collateral as a form of payment for their services. Of course, you can skip both options and just stay in jail until your court hearing.

Do This BEFORE Contacting a Bail Bondsman

The first thing you want to do when preparing to bail yourself or someone else out of jail is gather all the necessary information you will need for the process. If you are preparing to surrender to an arrest warrant, you will need to review the arrest warrant documents to learn which county you are wanted in and the guidelines for turning yourself into authorities. If you are bailing someone else out of jail, your first duty is to find out where they are being detained and what charges.

If you know which jail the person is being detained at, it is recommended that you contact the jail and ask for the inmate’s booking number. If the person called you from jail, ask them to request their booking number from a jail staffer. If you have no way of knowing any of this information, do not worry; this is what bail bond companies do. They can gather all of this information for you, which is why bail bond services are one of the most convenient options for obtaining a release from jail.

While on the phone with the jail, ask how much the bail is set for. Again, a bail bondsman can get this information for you. If you have trouble with the task. If you have the bail amount, you can better calculate how much you will need to pay a bail bondsman for their services. Typically, the bondsman charge between 10% and 15% of the total bond premium.

For instance, if bail is set for $5000, a bail bondsman will charge a nonrefundable fee of $500 to $750 for their services. Bail bond fees are not refunded back once the defendant appears for court. If you choose to pay the jail directly, although you pay the entire bond premium upfront, you are refunded the money back, so long as the defendant appears for court as scheduled. This is known as a cash bond.

Before contacting a bail bondsman, all you really need to know is where the person is Once you have held or where you are wanted for an arrest warrant surrender. The location is really the most important piece of information to have for the bail bond agent.

Do This AFTER Getting a Bail Bond

Once you have hired a bail bondsman, you will be required to fill out a series of paperwork including a bail bond agreement, which is a legally binding contract. If you are bailing someone else out of jail, you will be responsible for paying back the remaining bond premium if that person does not appear for court. This is called bail jumping, and it is a moderately serious offense. So, using the using the example before, if you paid $500 for a bail bond to get someone out of jail, you will have to pay back the remaining $4500 if they skip their court appearance, known as bail forfeiture.

After you’ve filled out all of your paperwork. All you have to do is wait for the bail bondsman to do the job. This can take anywhere from 1 hour to 8 hours or more, depending on certain variables. For example, if the person you are bailing out of jail was arrested under the influence of alcohol, they will not be eligible for release until they are deemed sober, which is generally between 6 to 8 hours. A bail bondsman cannot get them out of jail sooner. It is recommended to just wait 6 to 8 hours before attempting to bail someone out of jail who was arrested while intoxicated. Other variables include the number of jail staff available, the current traffic at the jail, and the same variables within the court.

Are you looking for a trusted bail bond agency in Central Indiana who can help you get your loved one, out of jail or surrendered to an arrest warrant? Contact Woods Bail Bonds at 317-876-9600 for the fastest and friendliest bail bond services in Indianapolis, Indiana. Request a free estimate or information, anytime.

How to Get Your Kid Out of Juvenile Detention in Indiana

Posted on May 26, 2022 by admin

Learning that your minor child has just been arrested is emotional. Following those initial feelings of panic, worry, and anger, you begin to think about your kid’s well-being, wanting them home safe, and as soon as possible. But with your head filled with so many questions, like “Why have they been arrested?”, “How can I get them out of juvenile detention?”, and “Do I need to hire a bail bondsman?”, your first step toward getting your loved one home can be unclear.

Fortunately, you are in the right place for answers to these questions and more. Continue below to learn what you need to know about getting your kid out of juvenile detention in Indiana.

Local Bail Bonds Indianapolis Indiana 317-876-9600

Police Can Arrest Kids

Although you might find it unbelievable, the fact of the matter is, police are permitted to arrest children. Law enforcement is highly trained on dealing with criminal activity among kids and minors, so they are skilled in various types of responses when detaining, questioning, or arresting children under the age of 18 years old. So, if your kid was just arrested, it is very likely that the arresting officers have reasonable suspicion that your child has committed or participated in some level of offense.

Just because your child was arrested does not mean that the officers are mistreating them. Law enforcement officials, as mentioned, are highly trained to work with juvenile offenders, and aim for a path of understanding, connection, and rehabilitation with each individual they come across. In fact, most times, officers will choose an alternative way of dealing with an offending juvenile instead of placing them under arrest, such as a ride home in the squad car, on-the-scene counseling and release, and even a short-term trip to the station house.

Although you do not have to worry about your kid’s experience with police and jail, you do have to worry about the legal process that ensues while they are detained and after they are released from juvenile detention.

Juvenile Detention Centers in Indiana

In most states, including Indiana, law enforcement is required by law to immediately notify parents or legal guardians of a child’s arrest. This phone call will inform you of the location of the juvenile detention center, the charges your child was arrested under, and instructions on how to move forward.

Top Juvenile Detention Centers Near Indianapolis:

Marion County Juvenile Division
Indianapolis, IN
(317) 327-8300

Pendleton Juvenile Correctional Facility
Pendleton, IN
(765) 778-3778

Indianapolis Juvenile Correctional Facility
Indianapolis, IN
(317) 244-3387

Getting Your Kid Out of Juvie

Once your child has been arrested and transferred to the nearest juvenile detention center, they will be taken through a booking process that may involve search and seizure, data collection, fingerprinting, mugshots, and more. While this is happening, a judge is already scheduling your kid’s first hearing.

For adults, this hearing is known as the arraignment, but for juveniles, it’s simply referred to as a juvenile detention hearing. This hearing comes fast, as decreed by law, typically by the next working business day, or within 24 hours. Most often, children are released back into their parent’s custody. Sometimes, the judge orders them to remain in juvenile detention.

Hiring a Bail Bond Service

For this reason, you do not need to hire a bail bondsman to get your child out of juvenile detention. You do, however, need to hire a lawyer. If your child is a minor who has been arrested and taken to adult jail, it is strongly encouraged to contact a licensed Indianapolis bail bond company and get them out of jail using a bail bond.

Are you ready to get a bail bond going for your minor child who is being held in an Indiana county jail? Contact Woods Bail Bonds at 317-876-9600 for 24 hour bail bond services in over 30 Indiana counties. We also offer prearranged bail bond service for arrest warrants.

What is Bail Forfeiture?

Posted on May 19, 2022 by admin

Forfeiting bail is not something you want to do if you have just been bailed out of jail. Also known as bail forfeiture, failing to appear for court is a violation, and one that comes with additional penalties. Continue below to learn what you need to know about FTA’s and forfeiting bail, including how to resolve the mistake of missing court after bailing out of jail.

Bail Bondsman Marion County Indiana 317-876-9600

Do Not Miss Court After an Arrest

Whether you use a bail bond to get out of jail or paid the jail directly, you do not want to miss your court date. Failing to appear for court, also known as an FTA, is a violation of your bail agreement. When you post bail, you are agreeing to appear for court in return for being released in the meantime. So, when you do not show up for your court date, you have welshed on your promise to the jail, court, and bail bondsman.

Penalties for Failing to Appear (FTA)

The first penalty you can expect from failing to appear for court is bail forfeiture. This means that you forfeit your bail privileges and must return to jail while awaiting your upcoming, scheduled court hearings. Generally, an arrest warrant is issued for an absent defendant. The defendant is required to turn themselves into authorities at the local jail to resolve their legal matters. Additionally, FTAs cause defendants to forfeit their bail money. This can happen in more than one way depending on the method used to bail out of jail.

Failing to Appear on a Bail Bond

If a person hires a bail bondsman to get them out of jail, they pay only a fraction of their bail premium. The bail bondsman covers the rest. When the person appears for court, the bail bondsman gets their money back. If the person fails to show up for court, they are legally responsible for paying back the money fronted by the bail bondsman, and in full. For example, if a defendant’s bail is set at $5000 and the bail agent charges a 10% fee, the defendant will pay $500 for bail bond services. But if they fail to appear for court, they must pay back the remaining $4500 in cash or collateral.

FTA’s and Cash Bonds

If a person foregoes the opportunity to hire a bail bondsman and instead pays the jail directly using a cash bond, they will have to pay for their entire bail premium out of their own pocket. Using the example above, this means the defendant would pay $5000 in cash or collateral to the jail. Once they appear for court, they will receive this money back in full. However, if they do not show up for court, they forfeit this money and do not get it back. Now that’s a serious consequence.

Criminal Penalties for FTAs

There are also potential criminal penalties for failing to appear for court after being bailed out of jail. These penalties differ among jurisdiction, but primarily involve fines and court ordered community service. It might also include jail time or additional misdemeanor charges.

Are you looking for a local bail bond company in Marion County that can get you or your loved one, out of jail faster than all the rest? Contact Woods Bail Bonds at 317-876-9600 for fast and secure bail bond service in Indianapolis, Indiana and its surrounding counties.

Where to Get Pre-Arrest Bail Bonds in Indiana

Posted on May 13, 2022 by admin

Have the police contacted you in regard to an alleged crime? Has your attendance been requested at the local police station for questioning or witness testimony? If so, it is strongly encouraged to retain professional legal counsel from a licensed criminal defense attorney before speaking to any detectives or investigators. In fact, if you expect to be arrested as an alleged suspect to a crime, your attorney may advise you to obtain a prearrest bail bond just to be safe.

Continue reading to learn how pre-arrest bail bonds work, where they are offered, and why they are so beneficial to potential defendants such as yourself.

Prearrest Bail Bonds Indianapolis Indiana 317-876-9600

Prearrest Bail Bonds are For Arrest Warrant Defendants

Prearrest bail bonds are also known as prearranged bail bonds. They are exclusively used for arrest warrant surrenders in Indiana. If there is a warrant out for your arrest, you would be wise to obtain a pre-arrest bail bond in order to secure your release from jail. Although you have the option of obtaining a bail bond after you surrender to the jail for an arrest warrant, you can expedite the process by prearranging the bail bond ahead of time.

This is the primary benefit of prearrest bail bonds. They get you out of jail faster. In fact, if you select a bail bond company with extensive experience in good standing relationships with the local jails and courts, your arrest warrant surrender can be done and over with in less than an hour. If you go the opposite way, choosing to obtain a bail bond after surrendering to authorities, you can potentially wait in jail for hours upon hours, possibly even a whole night.

Why You Need to Get Out of Jail As Soon As Possible

There are plenty of good reasons why you want to spend as little time as possible after surrendering to an arrest warrant in Indiana. You must think about your employment, weekly pay, educational deadlines, family responsibilities, and even your reputation. The faster you get at the jail for an arrest warrant, the better you protect your commitment to all of your duties and obligations.

Choosing a Prearrest Bail Bondsman

Although there are hundreds of bail bond agencies in Indiana to choose from, there is a method to selecting the right one for your needs. First, you want to focus on county. Which jail must you surrender to? You will want to choose a bail bondsman that is located near the jail. For instance, if you are wanted in Marion County, Indiana, you would look for a bail bondsman in Downtown Indianapolis because that is where the Marion County Jail is located.

Next, you want to confirm that your bail bondsman is reputable. Have they been in business a long time? Are they licensed, bonded, and insured? These are important credentials to look for. You also want to choose your bail bond company based on the services and amenities they offer. For instance, with prearrest bail bonds, you might choose the bail agent that provides free rides to and from the jail. This means they will take you to the jail directly from their office, then wait for you to be released and take you back.

Do you know which Indianapolis bail bond company has the best reputation with the local courts and jail, and therefore can deliver the fastest bail bond services around? Contact Woods Bail Bonds at 317-876-9600 for speedy and secure bail bond services in Indianapolis, Indiana. We offer prearranged bail bond service for arrest warrants and probation violations, too.

Will My Bail Money Be Refunded if My Charges are Dropped?

Posted on May 5, 2022 by admin

Judicial law decrees that all persons are deemed innocent until proven guilty. So is the case when a defendant’s criminal charges are dropped or dismissed. Unfortunately, case dismissals come well after the arrest takes place. This means the defendant is still required to post their own bail using their own assets. Are defendants entitled to a refund for money spent on bail if their charges are dropped or dismissed?

Continue reading to learn what Indiana law says about this, plus where you secure, safe and affordable bail bond services for yourself or another.

Indianapolis IN Bail Bonds Agency 317-876-9600

Bail Bond Services are Nonrefundable

Regardless of what happens after an arrest, bail bond money is not refundable. Even if the defendant is proven innocent or eliminated as a suspect altogether due to a lack of evidence against them, whatever money they spend acquiring a bail bond to get out of jail will not be refunded back to them. If you were wrongly arrested and as a result, suffered compensatory damages and losses, you may be able to bring about a civil suit against the municipality, county, or police department.

If your lawsuit is successful, you may be able to recover compensation for your bail money and any other expenses paid out of pocket related to your wrongful arrest, including attorney fees, filing fees, court fees, lost wages for missing work, and more.

Cash Bonds are Refundable on Contingency

If you want a refund on bail money, your only option is to pay the jails directly using cash bond. All jails have a set bail schedule that assigns a monetary value depending on the charges you are arrested on. Cash bonds are expensive require you to front a large amount of cash up front. If your bail was set at $5000, $5000 is what you would pay to the jail to be released. Cash bonds must be paid in cash or collateral, hence the name. Most jails only accept cash.

Once you have appeared for your court hearings, you will have the $5000 refunded back to you in full. However, the legal process can sometimes take several months or even years depending on the availability of courts and court staffing. So, when you pay a cash bond, you may not see that cash for a long time. If you fail to appear for your initial court hearing, you forfeit the $5000 and lose it forever.

Why People Choose Bail Bonds

Even though bail bond services are nonrefundable, they are still the most common choice when it comes to getting out of jail. Whether you are facing an arrest warrant or co-signing for another’s bail, a licensed bail bondsman in Indianapolis can make the process easy, convenient, and as affordable as possible. Here in Indiana, bail bond agencies are required to stay within 10% and 15% when applying their rates. Using the aforementioned example, the cost to acquire a bail bond would be between $500 and $750. Although you do not get this money refunded, you are not forced to clean out your bank account just to get out of jail.

Getting out of jail is important because it allows you to go back to work and continue earning wages for yourself and your family. Do not let the price tag of a bail bond prevent you from taking advantage of a fast and secure release from jail. Be sure to choose a trusted and experienced bail bond company in Indiana for the best service.

Are you looking for dependable bail bondsmen who will help you get yourself or a friend out of jail in the Indy areas? Contact Woods Bail Bonds at 317-876-9600 for 24 hour bail bond services in over 30 Indiana counties. We also offer prearranged bail bond service for arrest warrants.

Where to Get Middle of the Night Bail Bonds

Posted on April 26, 2022 by admin

Did your spouse just call you from the jail? Was your friend just arrested for a probation violation? Is it the middle of the night? No need to worry! There are after-hours bail bonds available near you! Scroll down to quickly learn how to get someone out of jail in the middle of the night in Indiana, plus who to trust for instant bail bond services near you.

Middle of Night Bail Bonds Indianapolis Indiana 317-876-9600

The Typical Bail Bond Process in Indiana

Although all cases are different, there is a pretty straightforward process to using a bail bond.

❶ Contact a Bail Bond Company – Be sure it is in the county or city of arrest.

❷ Give Them All Information – They will ask you for the inmate’s full name and city of residence.

❸ Head to the Office – You will need to sign a contract and pay for the bail bond.

❹ Wait for the Agent to Post the Bail – The bail bondsman will head to the jail and post the inmate’s bail.

❺ Pick Up Your Friend – Head to the designated pickup area for released inmates and pick up your friend.

❻ Go Back to the Office – Together, you will head back to the bail agent’s office to complete paperwork.

After-Hours Emergency Bail Bonds

If you are looking for after-hours bail bond services, you can find them anywhere. Almost all bail bond companies in Indiana operate on a 24 hour basis, 7 days a week. Some even work national holidays like Christmas and Thanksgiving. Your only job is to choose the right Indianapolis bail bond company. Not all bail bond businesses are alike. Accredited and established companies provide a higher level of professionalism and customer service, plus have long-standing, good relationships with the local jail staff and courthouses. This can give clients an advantage when looking for emergency bail bonds.

Indiana Bail Bond Facts You Need to Know

Bail bond payments are not refunded. You do not get your money back for a bail bond. In fact, you might owe more. If the bailed person does not show up for court, the co-signer to the contract is legally responsible for paying back the remaining bail premium. So, if you paid $500 for a bail bond, for a bail that was set for $5K, then you would owe the remaining $4,500 to the bail agency. Be careful who you co-sign for.

Common payments accepted by bail bondsmen include cash, money orders, debit card transactions, and collateral. Collateral is any form of asset, whether cash, property, vehicles, or something else of equal value that is held onto by a person lending a service or product. Common forms of collateral accepted by bail bond companies may include investment bonds, bank accounts, stocks, personal credit, credit cards, jewelry, certified heirlooms, and although very rate, certified heirlooms or highly “pawn-able” items.

Are you looking for emergency bail bond service in Indiana? Contact Woods Bail Bonds at 317-876-9600 for 24 hour bail bond services you can trust, even in the middle of the night. We also offer prearranged bail bond service for arrest warrants.

Here is What You Want to Know About Collateral Bail Bonds

Posted on April 20, 2022 by admin

When it comes to getting out of jail in Indianapolis, bail bond service is the best option for budget-minded folks. The alternative to bail bond service would be cash bonds, which required an individual to pay the full bail amount in cash directly to the jail. Now, there are pros and cons to using either option, but bail bond services are more popular simply because they are more reasonable. Most people cannot afford to give up large sums of cash at once, and bail bond services provide an alternative to doing that.

When it comes to paying for a bail bond, companies will accept different forms of payment depending on their personal preference and the state laws. One such bail bond payment option is collateral. A person, whether a co-signer for the bond or the actual defendant, can secure their bail bond agreement with an asset of equivalent value. This is known as collateral.

Continue reading to learn what you need to know about collateral bail bonds, including what makes good collateral and what does not, plus who to trust in Central Indiana for a fast and secure release from jail.

Collateral Bail Bond Service Indianapolis Indiana 317-876-9600

Collateral for Bail Bonds

Using collateral for a bail bond means that you are fronting something of considerable financial value, like a home or car, that is equivalent to the bail bond amount. The bail bond agency will hold the asset as collateral to secure their own financial protection. The agency has a legal duty to ensure the full care and protection of collateral while in their possession.

When the defendant appears for their court date, as required in the bail bond contract, the collateral is returned. If the defendant fails to appear, they are deemed a fugitive of the law and the collateral they used for a bail bond is forever forfeited.

Basically, the collateral must be of equal value or more to the bail amount, and it is used to ensure that the defendant cooperates with all bail bond contractual obligations and court requirements. If the defendant flees, the bail bond agency is responsible for paying back the remaining bail amount. To do this, they liquidate the collateral the defendant legally fronted in the bail bond agreement.

Good Collateral Versus Bad Collateral

Bail bond companies differ in terms of which types of collateral they accept. Not only are they regulated by the state on such matters, but they also get to use a degree of their own personal discretion to decide what to accept or not accept as collateral. Additionally, there are good types of collateral and bad types of collateral to use for bail bonds.

For instance, it is not wise to use your house as collateral if you are still making mortgage payments on it. Similarly, you don’t want to use a car for collateral if you are leasing it or have not yet paid it off. That goes for anything you have purchased on credit or that a lender still owns the lien or title on.

Examples of good collateral for bail bonds would include things that are opposite of what was just described, like unfettered real estate that does not have any mortgages of liens, or high value assets like cars, boats, and motorcycles that are paid off in full. You can also use bank accounts, fine jewelry, computers, guns, and televisions.

Are you looking for help with bail bonds? Contact Woods Bail Bonds at 317-876-9600 for trusted, secure, and professional bail bond services in Indianapolis, Indiana. We serve all of Central Indiana and its surrounding counties with 24 hour service.