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Is Bankruptcy Moral According To The Bible?

In today’s society, many people have found themselves in debt. Whether it is due to medical bills, unforeseen life events, unemployment, credit card spending or numerous other reasons, debt can cause a great deal of personal, familial and professional stress.

In addition, people with strong Christian beliefs who are searching for debt relief options often are faced with the Biblical implications of their situations. Many of the clients we have helped at O’Brien Law Firm, LLC, have asked the question “what does the Bible say about bankruptcy?”

Mentions Of Debt In The Bible

Though the Bible may present some conflicting statements on debt, it seems clear that bankruptcy is not specifically declared a sin. In Deuteronomy, it is stated that, “At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother, because it is called the LORD’s release” (Deuteronomy 15:1-2). Also, the Bible does encourage people not to become a slave to their outstanding debts and find some way of dealing with them. Thus, bankruptcy being an option.

Both the books of Matthew and Luke include statements referencing how people should ask for the forgiveness of their debts as they forgive their debtors (Luke 11:4 and Matthew 6:12).

Forgiveness. Tolerance. Bettering your life. Helping others. These are just some of the teachings of the Bible that relate to debt and bankruptcy.

Talk To Our Firm Today

As an experienced law firm, we believe in these concepts as well. Having handled thousands of bankruptcy cases for people of all backgrounds, we are confident that we can move forward in a way that helps you deal with your debts and still is considerate of your beliefs. For more information, contact O’Brien Law Firm, LLC, by calling toll free 866-934-8148.

We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.