For anyone that has been charged with a crime in Georgia, navigating the often complex system of bail quickly becomes a priority. Instead of forcing individuals to sit in jail while waiting for their trial to begin, the bail system allows those recently arrested to use a bail bond agent to secure temporary freedom before the legal proceedings start. While some bail bond agents may require direct cash in order to issue a bail bond, others will accept a variety of different forms of collateral, such as deeds to homes and property, automobiles, jewelry and other items of worth. If you are wondering what you should expect to hand over though, here are some things to consider before you begin.
Quality vs. Quantity
The amount of collateral that a bail bond agent will often accept entirely depends on its worth compared to the amount of bail set by the judge. If the bail amount was declared as a few thousand dollars, there is little chance that a bail bondsman will be willing to offer their services in exchange for a few pieces of jewelry, for example. Before attempting to provide collateral, make sure that it matches the amount necessary for the bail bond company to pay in order to claim your release.
Of course, most Georgia bail bond agents would be happiest receiving cash compensation for their provision of a bail bond since cash is the most liquid form of currency. With that in mind, while many bail bond agents will take multiple forms of collateral, most are much more likely to willingly receive anything that can quickly be sold for cash if necessary. Items such as deeds and car titles are generally looked upon highly and the more difficult to pawn options, such as rare gems and other valuable objects, may be turned away.
Other Collateral Options
If you are in the process of trying to help someone post bail and are considering using different possessions of yours as collateral, you may truly be surprised at the worth and function of many items owned by you and your family. Though it may seem as though your collateral options are limited to only the most obvious items, such as a home or automobile, the items deemed acceptable by a bail bond agent vary from case to case. The relationship established between the two of you can also make a difference. As long as you cooperate with your bail bondsman, he will likely be more willing to work with you and trade their services for a variety of collateral, gi