Bankruptcy – The Bible’s Old Testament Forgives Debts, Approves Bankruptcy?

Posted on | December 28, 2009 | No Comments

Going through personal bankruptcy is something that is often looked down upon especially when it comes to personal bankruptcy.  The Bible’s Old Testament actually forgives debts and approves bankruptcy.  In Deuteronomy 15: 1-2 it states “At the end of every seven years, you are to cancel the debts of those who owe you money.  This is how it is done.  Everyone who has lent money to his neighbor is to cancel the debt; he must not try to collect the money; the Lord himself has declared the debt canceled.


With this Bible verse being relatively clear why do some many Americans turn their check to those who have filed bankruptcy or plan to file bankruptcy?  This is a question that could be pondered for hours, days and even years but what you should know is that bankruptcy is a personal decision that could make your life much easier if you are currently living in a mountain of debt.

Before you decide that bankruptcy is right or wrong for you it is very important that you do your proper research.  There are many books at your local library and there are numerous valuable Internet resources that are completely free.  If you are in the troubling situation where bankruptcy is an option then it would be a very good idea to do a great amount of research.

Author: Heather Best

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