If a ledger goes bankrupt, what happens to the funds in my wallet?
A ledger going bankrupt
The good news is that most people don’t need to know an awful lot about the ins and outs of accounting to be able to use their wallets effectively. After all, you don’t need to know how your computer works to send a personal email, do you? With that in mind, let’s take a look at the basics of accounting so you’ll be able to understand exactly what happens when a ledger goes
bankrupt.
Funds in your wallet
It’s a complicated question that doesn’t always have the same answer, but in general, the funds in your wallet would go into the assets of the bank. If the bank goes bankrupt and can’t cover those funds, then you’re at risk of losing them together. In a worst-case scenario, you could end up with nothing.
Overdraft protection
In my opinion, most people don’t realize how risky it is to use a debit card without protections like overdraft protection. It’s pretty common for banks to charge people a $35 fee for using their card after their account balance has been overdrawn. What most people don’t know is that these overdraft fees are optional charges set by banks and they aren’t required by law.
Setting up an overdraft protection
Some research on Bankrate.com found that only 10 out of 456 banks did not charge overdraft fees! That’s crazy! So if you’re going to use your debit card – you should make sure that you have overdraft protection set up so that you don’t have to worry about paying those fees.
If you have any questions, you can get a free consultation with the Best Attorneys in Utah.
Ascent Law LLC:
8833 South Redwood RoadSuite C
West Jordan, UT 84088
(801) 676-5506
https://g.page/ascentlaw?share
https://www.ascentlawfirm.com/bankruptcy-lawyer/
WE HAVE THE BEST LAWYERS IN UTAH
When you need a Bankruptcy Lawyer, contact this law firm:
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 676-5506
Recent Posts
Ascent Law LLC St. George Utah Office
Ascent Law LLC Ogden Utah Office
Directions from Orem Utah to Ascent Law LLC West Jordan Utah
Directions from Holladay Utah to Ascent Law LLC West Jordan Utah
Directions from Vivent Arena Salt Lake City Utah to Ascent Law LLC West Jordan Utah
Fairview, Utah
Jump to navigationJump to search
|
Fairview, Utah
|
|
|---|---|
Fairview City Hall, July 2011
|
|
Location in Sanpete County and the state of Utah.
|
|
| Coordinates: 39°37′44″N 111°26′18″WCoordinates: 39°37′44″N 111°26′18″W | |
| Country | United States |
| State | Utah |
| County | Sanpete |
| Founded | 1859 |
| Founded by | James N. Jones |
| Government
|
|
| • Mayor | David Taylor |
| Area | |
| • Total | 1.26 sq mi (3.26 km2) |
| • Land | 1.26 sq mi (3.26 km2) |
| • Water | 0.00 sq mi (0.00 km2) |
| Elevation | 5,948 ft (1,813 m) |
| Population
(2010)
|
|
| • Total | 1,247 |
| • Estimate
(2019)[3]
|
1,358 |
| • Density | 1,077.78/sq mi (415.97/km2) |
| Time zone | UTC-7 (Mountain (MST)) |
| • Summer (DST) | UTC-6 (MDT) |
| ZIP code |
84629
|
| Area code | 435 |
| FIPS code | 49-24630[4] |
| GNIS feature ID | 1440983[2] |
| Website | fairviewcity |
Fairview is a city in northern Sanpete County, Utah, United States. The population was 1,247 at the 2010 census.
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
If a ledger goes bankrupt, what happens to the funds in my wallet?https://t.co/DNvD1MvFa4 pic.twitter.com/jMjVo3v82B
— Jan Meriss Alfonso (@MerissJan) November 23, 2022
Comments are closed.