Milo Boyd, a former New York Police Department detective is now a bounty hunter. His ex-wife, Nicole Hurley, is an investigative reporter who has been arrested for assaulting a police officer.

Nicole receives a tip on a story, an apparent suicide that may have been a murder, she skips her bond hearing to meet her informant, causing the judge to revoke her bail and issue a warrant for her arrest. Just before Nicole arrives, her informant, Jimmy is kidnapped.

Milo is ecstatic when Nicole's bail bondsman, Sid, offers him the job of bringing her to jail, for a bounty of $5,000. Nicole's mother Kitty inadvertently helps him find her at a race track in New Jersey. He throws her into his trunk and drives back towards Manhattan. Nicole escapes briefly before he catches up with her.

They are being stalked: Milo by two thugs sent by his bookie Irene, because of his gambling debts, Nicole by corrupt cop Earl Mahler, who is connected with the story she is investigating, and both by Nicole's lovestruck coworker Stewart, bent on rescuing her from Milo. Irene's thugs confuse Stewart for Milo and mistakenly kidnap him.

Earl tries to kill Nicole, but both Milo and Nicole narrowly escape. Milo is not interested in explanations until she tells him she's found evidence that implicates their mutual friend and Milo's ex-partner on the force, Bobby, indicating that he is involved with Earl. Milo decides to investigate with her.

Clues from Earl's car lead them to a country club, where they learn from a caddie that Earl owns a tattoo parlor in Queens, so they start to make their way there. Bobby warns them to stay off the road.

The nearest hotel is the bed and breakfast where they spent their honeymoon. They discover they still have feelings for each other and admit their mistakes. Coming out of the bathroom, Nicole overhears Milo telling Sid he may sleep with her, but he's still taking her to jail. She handcuffs him to the bed and goes to the tattoo parlor, finding Jimmy and freeing him before being captured by Irene's thugs.

Milo rescues Nicole at a strip club. Then, they hear Bobby is heading to the police's evidence warehouse, which is being relocated to a new building. Bobby confronts Earl, a former friend who has used Bobby's name to gain access to the warehouse and steal a large amount of narcotics and cash. Bobby decides to arrest him, but Earl shoots him. Milo and Nicole enter the warehouse and Milo is ambushed, but Earl surrenders when Nicole points a shotgun at him.

Bobby explains Earl was using him, as well as the man who supposedly committed suicide, to gain access to the warehouse. There was no proof, so Bobby was waiting for Earl to make his move before arresting him. Milo proudly notes that Earl might have gotten away with it if Nicole hadn't picked up clues. He and Nicole appear to have reconciled. They concede that sometimes their jobs have to come first. Milo turns Nicole in to the police, so she can make her court hearing the next day.

On his way out of the precinct, Milo runs into a cop who insulted him earlier and punches him in the face. He is arrested and put in the cell next to Nicole's. He reminds her that it is their anniversary and they have to spend it together. Through the bars they admit their love and kiss.