Bankruptcy Lawyer Fairview Utah

bankruptcy attorney Fairview Utah

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

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 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


When you need a Bankruptcy Lawyer, contact this law firm:

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506
Ascent Law LLC

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Fairview, Utah

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Fairview, Utah
Fairview City Hall, July 2011

Fairview City Hall, July 2011
Location in Sanpete County and the state of Utah.

Location in Sanpete County and the state of Utah.
Coordinates: 39°37′44″N 111°26′18″WCoordinates39°37′44″N 111°26′18″W
Country United States
State Utah
County Sanpete
Founded 1859
Founded by James N. Jones

 • Mayor David Taylor

 • Total 1.26 sq mi (3.26 km2)
 • Land 1.26 sq mi (3.26 km2)
 • Water 0.00 sq mi (0.00 km2)

5,948 ft (1,813 m)

 • Total 1,247
 • Estimate 

 • Density 1,077.78/sq mi (415.97/km2)
Time zone UTC-7 (Mountain (MST))
 • Summer (DST) UTC-6 (MDT)
ZIP code
Area code 435
FIPS code 49-24630[4]
GNIS feature ID 1440983[2]

Fairview is a city in northern Sanpete CountyUtah, United States. The population was 1,247 at the 2010 census.

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