Bonds For Criminals In Cook
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FAQ
If you did not surrender your bond slip in the courtroom, you may bring the bond slip or the bond number(s), to the Richard J. Daley Center, 50 West Washington St., Room 1006. A receipt of the transaction will be provided to you for your records. Refund checks are mailed to the address indicated on the bail bond form.
Cook County issues bonds pursuant to the County's home rule powers under the 1970 Constitution of the State of Illinois and an authorizing Ordinance adopted by the Cook County Board of Commissioners. Bond funds are used to finance various county projects and to refinance outstanding bonds.
What are the Risks of Being a Cosigner? The cosigner is financially responsible up to the full amount of the bail bond if the defendant fails to appear in court. The cosigner is financially responsible should there be an unpaid balance on the defendant's account.
If the defendant fails to comply with the conditions of their signature bond, they may face serious consequences, including being returned to custody, having their bond revoked, or facing additional criminal charges.
What Kind of Documentation Do You Need to Get Bonded? Application. The first step to getting bonded is completing the application or questionnaire that your agent provides you. Financials. Work In Progress Form. References. Resumes. Certificate of Insurance.
All bonds carry some degree of "credit risk," or the risk that the bond issuer may default on one or more payments before the bond reaches maturity. In the event of a default, you may lose some or all of the income you were entitled to, and even some or all of principal amount invested.
Unless you are exceptionally wealthy, forfeited bail is costly. Bail bond agents may demand you repay the full sum, which could be upwards of $100,000 in some cases. You also risk damaging your relationship with the defendant. If you co-sign their bail bond and they abscond, you could lose them as a part of your life.
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.
