Comments on: Bankruptcy and the Bible http://christianpf.com/bankruptcy-and-the-bible/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jake http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-169236 Jake Tue, 31 Jan 2012 15:11:22 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-169236 Funny how this guy doesn't mention Deuteronomy. Funny how this guy doesn’t mention Deuteronomy.

]]> By: samantha http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-146900 samantha Sun, 04 Dec 2011 07:11:06 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-146900 I do agreed with the comment that stated, save up for what you need or want, but i have a growing 3 1/2 old wiser son so it becomes difficult to save up for what he needs. Does anyone have any suggestions out there? I do agreed with the comment that stated, save up for what you need or want, but i have a growing 3 1/2 old wiser son so it becomes difficult to save up for what he needs. Does anyone have any suggestions out there?

]]> By: Mark http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-121879 Mark Mon, 18 Jul 2011 19:36:31 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-121879 Sadly the writer mentions nothing of the principle of Jubilee on which the English Bankruptcy Law was founded. The bible recognises that there are occasions which render the freeing of an individual from unmanageable debt as a righteous act. It is also a fact that all credit agreements (in the UK) contain provisions for bankruptcy within the Consumer Credit Act and in recognition of this interest is charged by the lenders on all agreements to compensate them for such a loss. It is also very interesting that as Christians we tend to give plenty of advice on how our brother should get out of debt without using bankruptcy but fail to put are hands in are pockets to help pay off their debt. It is a biblical principle to redeem a brother from slavery. So if we are content to refuse the option of bankruptcy then the selling of our own house, car etc etc in order to pay off a brother or sisters debt should become the norm. Sadly the writer mentions nothing of the principle of Jubilee on which the English Bankruptcy Law was founded. The bible recognises that there are occasions which render the freeing of an individual from unmanageable debt as a righteous act. It is also a fact that all credit agreements (in the UK) contain provisions for bankruptcy within the Consumer Credit Act and in recognition of this interest is charged by the lenders on all agreements to compensate them for such a loss. It is also very interesting that as Christians we tend to give plenty of advice on how our brother should get out of debt without using bankruptcy but fail to put are hands in are pockets to help pay off their debt. It is a biblical principle to redeem a brother from slavery. So if we are content to refuse the option of bankruptcy then the selling of our own house, car etc etc in order to pay off a brother or sisters debt should become the norm.

]]> By: hoover http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-114324 hoover Thu, 19 May 2011 12:02:26 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-114324 I'm seeking biblical scripture regarding a business partnership. I know this is irrelevant but the partners are family and friends. We are all believers and have been praying and seeking the Lord for his will. The debt to this non-producing business is quite large. We have been paying only interest for over 4 years now and with the economy the way it is, in the world as we see it we see no end in sight.(we are praying the in the spiritual world that the table is being set for a break-through) One partner is getting to the point that they cannot pay any longer. We have all signed personally for this loan. If this person stops paying it will create great hardship on the remaining partners. My husband and I can cash out our retirement (we are 50 years old) and come up with enough money to pay off this loan. We feel that if we stop paying the bank will come after us as we have the resources to pay the loan. We feel strong about paying your debt. This is the only debt that we have. However, I do not want to become bitter feeling we have "let everyone off the hook" I do not want to money & business to come between family and friends and I don't know if the right thing to do is to put this whole thing to rest and just pay it off and have faith the Christ will make things right. Is there anyh Bible scripture that I can refer to regarding my situation? I know it's a tough one. I’m seeking biblical scripture regarding a business partnership. I know this is irrelevant but the partners are family and friends. We are all believers and have been praying and seeking the Lord for his will. The debt to this non-producing business is quite large. We have been paying only interest for over 4 years now and with the economy the way it is, in the world as we see it we see no end in sight.(we are praying the in the spiritual world that the table is being set for a break-through) One partner is getting to the point that they cannot pay any longer. We have all signed personally for this loan. If this person stops paying it will create great hardship on the remaining partners. My husband and I can cash out our retirement (we are 50 years old) and come up with enough money to pay off this loan. We feel that if we stop paying the bank will come after us as we have the resources to pay the loan. We feel strong about paying your debt. This is the only debt that we have. However, I do not want to become bitter feeling we have “let everyone off the hook” I do not want to money & business to come between family and friends and I don’t know if the right thing to do is to put this whole thing to rest and just pay it off and have faith the Christ will make things right. Is there anyh Bible scripture that I can refer to regarding my situation? I know it’s a tough one.

]]> By: Christian Lawyer http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-56862 Christian Lawyer Fri, 30 Jul 2010 18:11:02 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-56862 If a person is able to pay your debts, then he or she ought to repay “just” debts. If the debts cannot be repaid in whole or part, then a number of options are available including a Chapter 7 or Chapter 13 bankruptcy. Bankruptcy laws were derived from the Bible (Deuteronomy 15:1-2). However, the Bible chronicles financial miracles (2 Kings 4:1-7). Accordingly, one must trustingly seek wisdom and guidance from God as to the direction He would have one to choose. (James 1:5-7; Proverbs 3:5-6). Further, seek advice from Godly people (Psalms 1:1; Proverbs 12:15, 11:14, 15:22). If a person is able to pay your debts, then he or she ought to repay “just” debts. If the debts cannot be repaid in whole or part, then a number of options are available including a Chapter 7 or Chapter 13 bankruptcy. Bankruptcy laws were derived from the Bible (Deuteronomy 15:1-2). However, the Bible chronicles financial miracles (2 Kings 4:1-7). Accordingly, one must trustingly seek wisdom and guidance from God as to the direction He would have one to choose. (James 1:5-7; Proverbs 3:5-6). Further, seek advice from Godly people (Psalms 1:1; Proverbs 12:15, 11:14, 15:22).

]]> By: Richard http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-19061 Richard Tue, 29 Dec 2009 14:24:31 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-19061 I strongly believe that one should pay back what is owed to another, especially if it has been borrowed. However, I believe that bankruptcy is stigmatised and looked down on for a reason; in this world system, which does not use GOLD or Silver as MONEY but negotiable instruments and clever accounting exercises; the question that should be asked is: if there is no 'MONEY' no gold or silver backed currency to clear a debt, what can you pay a debt with? What is backing the currency today that gives it any value at all? Hense Bankruptcy laws were established to tackle this issue. Now there are remedies to solve the problems of debt that exists, but as the writer of this particular proverbs confirms: In all of your getting, get understanding (prov 4:7). I strongly believe that one should pay back what is owed to another, especially if it has been borrowed.

However, I believe that bankruptcy is stigmatised and looked down on for a reason; in this world system, which does not use GOLD or Silver as MONEY but negotiable instruments and clever accounting exercises; the question that should be asked is: if there is no ‘MONEY’ no gold or silver backed currency to clear a debt, what can you pay a debt with? What is backing the currency today that gives it any value at all?

Hense Bankruptcy laws were established to tackle this issue.

Now there are remedies to solve the problems of debt that exists, but as the writer of this particular proverbs confirms: In all of your getting, get understanding (prov 4:7).

]]> By: Darrell http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-18176 Darrell Fri, 27 Nov 2009 04:58:35 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-18176 You said, "And you are right, there very well could be circumstances where it could be okay. That is between that person and God. But based on on the scriptures I see I think it is pretty clear that He wants us to pay back what we owe." I had a credit score of 720 before filing bankruptcy. Until I contracted a benign brain tumor, I was able to work every day of my life for 30 + years, and my credit card balances were manageable. As the surgeries, radiation, and doctors bills came I tried my best for 2 years to make arrangements, and even negotiate with my creditors but to no avail. I had no choice but to file bankruptcy when my wife had to take a lower paying job just to be closer to home and help me through this health situation. We didn't feel we had committed a sin by doing so. We have by no means, made a windfall by not having to pay our debts back that were discharged. We are able now to make ends meet and still be of service to God through our church. So far, God has blessed us with my tumor not going malignant and I am thankful to be alive. Although it has left it's mark on my life through deafness, and vertigo, I too am willing to pay my debts back if only I could. I believe that I am in God's Will for my life and he has given me this "thorn in my side" that I have to "run the race" with. Be sure that I understand "All things work together for the Good to those who love the Lord". You said,

“And you are right, there very well could be circumstances where it could be okay. That is between that person and God. But based on on the scriptures I see I think it is pretty clear that He wants us to pay back what we owe.”

I had a credit score of 720 before filing bankruptcy. Until I contracted a benign brain tumor, I was able to work every day of my life for 30 + years, and my credit card balances were manageable. As the surgeries, radiation, and doctors bills came I tried my best for 2 years to make arrangements, and even negotiate with my creditors but to no avail. I had no choice but to file bankruptcy when my wife had to take a lower paying job just to be closer to home and help me through this health situation. We didn’t feel we had committed a sin by doing so. We have by no means, made a windfall by not having to pay our debts back that were discharged. We are able now to make ends meet and still be of service to God through our church. So far, God has blessed us with my tumor not going malignant and I am thankful to be alive. Although it has left it’s mark on my life through deafness, and vertigo, I too am willing to pay my debts back if only I could. I believe that I am in God’s Will for my life and he has given me this “thorn in my side” that I have to “run the race” with. Be sure that I understand “All things work together for the Good to those who love the Lord”.

]]> By: Matthew http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-18161 Matthew Wed, 25 Nov 2009 23:18:58 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-18161 Jesus sacrificially paid for our debt of sin, a debt that was too big for us to pay. God's word, the Bible, provides debt relief and debt forgiveness laws (Deuteronomy 15:1-2) as well as miracles in the financial realm (2 Kings 4:1-7). Pay your debts if you have the means to do so (Psalms 37:21). However, if you are unable to pay your creditors, then you need to decide whether or not to file for bankruptcy relief. Such decision requires wisdom. The LORD promises to liberally and gladly provide such wisdom to those who pray for such wisdom (James 1:5-7). Further, seek advice and input from godly people you trust (Psalms 1:1). Jesus sacrificially paid for our debt of sin, a debt that was too big for us to pay.

God’s word, the Bible, provides debt relief and debt forgiveness laws (Deuteronomy 15:1-2) as well as miracles in the financial realm (2 Kings 4:1-7).

Pay your debts if you have the means to do so (Psalms 37:21).

However, if you are unable to pay your creditors, then you need to decide whether or not to file for bankruptcy relief. Such decision requires wisdom. The LORD promises to liberally and gladly provide such wisdom to those who pray for such wisdom (James 1:5-7). Further, seek advice and input from godly people you trust (Psalms 1:1).

]]> By: Aggi Kasparis http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-17362 Aggi Kasparis Tue, 03 Nov 2009 01:24:59 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-17362 The repercutions of dept and bankrupcy are an enormus burden to us.One i sometimes feel i can no longer carry.I spend sleepness nights worrying about it. things went hiorribly wrong 5 years ago when i was forced to split from my then spouse. this in turn started an avalanch of dissasters. from loosing my family home , my children due to the separation, then the death of my dad and then my mum.was not in a good place then after all that to put it lightly... this again in turn had a huge impact on my business having lost all my staff when they walk out on me . 1 of them whom was related to my ex wrongly convinced them that i had instigated the split.how much more can a man take. i kept saying to god.!!!!! this resulted in me fighting back to try to keep my business afloat and turn things around. i must emphasise that thru all this i was a christian, and will always be . Correct me if im wrong but i felt i was under attack by the enemy and so emerst myself into my faith that`s got me through thus far. even tho the dispair got me suiacidal on occations, sorry cant spell. lol. the fight to keep my business and my now home meant i had to borrow to help short term until i managed to sell. well that didn`t work either. borrowed 50 k through credit cards, loans .ect . had 4 potencial buyers who all cost me money over the 5 years of desparately trying to keep things afloat still believing that god will rescue me from this demonic attack on my life and well being.well bankruptcy was my only option.i then believed it was a godsent it seemed the only way. now christians out there please tell me where iv gone wrong and pray for me cause i`m now getting evicted from my home again cause the person whom we share a house with refuses to pay his share of the rent , is there no end to my missery. x x The repercutions of dept and bankrupcy are an enormus burden to us.One i sometimes feel i can no longer carry.I spend sleepness nights worrying about it. things went hiorribly wrong 5 years ago when i was forced to split from my then spouse. this in turn started an avalanch of dissasters. from loosing my family home , my children due to the separation, then the death of my dad and then my mum.was not in a good place then after all that to put it lightly… this again in turn had a huge impact on my business having lost all my staff when they walk out on me . 1 of them whom was related to my ex wrongly convinced them that i had instigated the split.how much more can a man take. i kept saying to god.!!!!! this resulted in me fighting back to try to keep my business afloat and turn things around. i must emphasise that thru all this i was a christian, and will always be . Correct me if im wrong but i felt i was under attack by the enemy and so emerst myself into my faith that`s got me through thus far. even tho the dispair got me suiacidal on occations, sorry cant spell. lol. the fight to keep my business and my now home meant i had to borrow to help short term until i managed to sell. well that didn`t work either. borrowed 50 k through credit cards, loans .ect . had 4 potencial buyers who all cost me money over the 5 years of desparately trying to keep things afloat still believing that god will rescue me from this demonic attack on my life and well being.well bankruptcy was my only option.i then believed it was a godsent it seemed the only way. now christians out there please tell me where iv gone wrong and pray for me cause i`m now getting evicted from my home again cause the person whom we share a house with refuses to pay his share of the rent , is there no end to my missery. x x

]]> By: J Mancuso http://christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-16102 J Mancuso Mon, 28 Sep 2009 22:52:55 +0000 http://christianpf.com/bankruptcy-and-the-bible/#comment-16102 Although I appreciate stumbling upon this article. Please be aware that the bible also tells us that we are under the law and should abide by it. Although I appreciate stumbling upon this article. Please be aware that the bible also tells us that we are under the law and should abide by it.

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