Bail For Jewelry In Contra Costa
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FAQ
Personal jewelry represents another commonly used form of collateral. The value of individual items such as rings, broaches, or necklaces can be difficult to ascertain without a professional assessment. Some bond agencies are therefore understandably cautious about accepting jewelry as collateral.
Bail bondsmen are generally not too picky about what kind of collateral they will accept. Real estate and houses are commonly put up in cases with a high bail requirement, but defendants can also use jewelry, stocks, bonds, and other investments and valuables.
The bail bond agent will need you to sign some paperwork in order for you to secure their services. This usually means paying an amount to the agent, usually a percentage of the total bail amount, and signing off on any collateral for the bond.
The collateral is usually preferred to be liquid, such as an irrevocable letter of credit, but some sureties will also take other pieces of collateral, such as certain equipment or even real property. A Collateral Bond is different when used in the context of a surety bond.
No - if you signed the bond it doesn't matter whether you have a job or not - or whether the bondsman asked you if you did. You are liable as surety on the bond - having a job or not has nothing to do with your liability. Sorry.
In some jurisdictions, the court may also allow you to post a property bond, which will use property that you own as collateral for your conditional release. Unfortunately, though, if your bail amount is high, you may not have the resources to post bail with the court on your own.
