Before you swipe, withdraw or transfer cash, you should know how spending works in a Chapter 7 bankruptcy case.

This bankruptcy timing rule could determine whether you keep recent payments or lose them to creditors. Here's why.

Here's what we know so far.

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*Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” allows people to discharge most unsecured debts. This includes medical bills, payday loans, and credit card balances. A trustee may sell ...