11 Bible Verses about Cancellation Of Dept

For the wages of sin is death, but the gift of God is eternal life in Christ Jesus our Lord.

The Spirit of the Lord God is on Me,
because the Lord has anointed Me
to bring good news to the poor.
He has sent Me to heal the brokenhearted,
to proclaim liberty to the captives
and freedom to the prisoners;
to proclaim the year of the Lord’s favor,
and the day of our God’s vengeance;
to comfort all who mourn,
to provide for those who mourn in Zion;
to give them a crown of beauty instead of ashes,
festive oil instead of mourning,
and splendid clothes instead of despair.
And they will be called righteous trees,
planted by the Lord
to glorify Him.

“You are to count seven sabbatical years, seven times seven years, so that the time period of the seven sabbatical years amounts to 49. Then you are to sound a trumpet loudly in the seventh month, on the tenth day of the month; you will sound it throughout your land on the Day of Atonement. You are to consecrate the fiftieth year and proclaim freedom in the land for all its inhabitants. It will be your Jubilee, when each of you is to return to his property and each of you to his clan. read more.
The fiftieth year will be your Jubilee; you are not to sow, reap what grows by itself, or harvest its untended vines. It is to be holy to you because it is the Jubilee; you may only eat its produce directly from the field. “In this Year of Jubilee, each of you will return to his property. If you make a sale to your neighbor or a purchase from him, do not cheat one another. You are to make the purchase from your neighbor based on the number of years since the last Jubilee. He is to sell to you based on the number of remaining harvest years. You are to increase its price in proportion to a greater amount of years, and decrease its price in proportion to a lesser amount of years, because what he is selling to you is a number of harvests. You are not to cheat one another, but fear your God, for I am Yahweh your God. “You are to keep My statutes and ordinances and carefully observe them, so that you may live securely in the land. Then the land will yield its fruit, so that you can eat, be satisfied, and live securely in the land. If you wonder: ‘What will we eat in the seventh year if we don’t sow or gather our produce?’ I will appoint My blessing for you in the sixth year, so that it will produce a crop sufficient for three years. When you sow in the eighth year, you will be eating from the previous harvest. You will be eating this until the ninth year when its harvest comes in. “The land is not to be permanently sold because it is Mine, and you are only foreigners and temporary residents on My land. You are to allow the redemption of any land you occupy. If your brother becomes destitute and sells part of his property, his nearest relative may come and redeem what his brother has sold. If a man has no family redeemer, but he prospers and obtains enough to redeem his land, he may calculate the years since its sale, repay the balance to the man he sold it to, and return to his property. But if he cannot obtain enough to repay him, what he sold will remain in the possession of its purchaser until the Year of Jubilee. It is to be released at the Jubilee, so that he may return to his property. “If a man sells a residence in a walled city, his right of redemption will last until a year has passed after its sale; his right of redemption will last a year. If it is not redeemed by the end of a full year, then the house in the walled city is permanently transferred to its purchaser throughout his generations. It is not to be released on the Jubilee. But houses in villages that have no walls around them are to be classified as open fields. The right to redeem such houses stays in effect, and they are to be released at the Jubilee. “Concerning the Levitical cities, the Levites always have the right to redeem houses in the cities they possess. Whatever property one of the Levites can redeem—a house sold in a city they possess—must be released at the Jubilee, because the houses in the Levitical cities are their possession among the Israelites. The open pastureland around their cities may not be sold, for it is their permanent possession. “If your brother becomes destitute and cannot sustain himself among you, you are to support him as a foreigner or temporary resident, so that he can continue to live among you. Do not profit or take interest from him, but fear your God and let your brother live among you. You are not to lend him your silver with interest or sell him your food for profit. I am Yahweh your God, who brought you out of the land of Egypt to give you the land of Canaan and to be your God. “If your brother among you becomes destitute and sells himself to you, you must not force him to do slave labor. Let him stay with you as a hired hand or temporary resident; he may work for you until the Year of Jubilee. Then he and his children are to be released from you, and he may return to his clan and his ancestral property. They are not to be sold as slaves, because they are My slaves that I brought out of the land of Egypt. You are not to rule over them harshly but fear your God. Your male and female slaves are to be from the nations around you; you may purchase male and female slaves. You may also purchase them from the foreigners staying with you, or from their families living among you—those born in your land. These may become your property. You may leave them to your sons after you to inherit as property; you can make them slaves for life. But concerning your brothers, the Israelites, you must not rule over one another harshly. “If a foreigner or temporary resident living among you prospers, but your brother living near him becomes destitute and sells himself to the foreigner living among you, or to a member of the foreigner’s clan, he has the right of redemption after he has been sold. One of his brothers may redeem him. His uncle or cousin may redeem him, or any of his close relatives from his clan may redeem him. If he prospers, he may redeem himself. The one who purchased him is to calculate the time from the year he sold himself to him until the Year of Jubilee. The price of his sale will be determined by the number of years. It will be set for him like the daily wages of a hired hand. If many years are still left, he must pay his redemption price in proportion to them based on his purchase price. If only a few years remain until the Year of Jubilee, he will calculate and pay the price of his redemption in proportion to his remaining years. He will stay with him like a man hired year by year. A foreign owner is not to rule over him harshly in your sight. If he is not redeemed in any of these ways, he and his children are to be released at the Year of Jubilee. For the Israelites are My slaves. They are My slaves that I brought out of the land of Egypt; I am Yahweh your God.

“At the end of every seven years you must cancel debts. This is how to cancel debt: Every creditor is to cancel what he has lent his neighbor. He is not to collect anything from his neighbor or brother, because the Lord’s release of debts has been proclaimed. You may collect something from a foreigner, but you must forgive whatever your brother owes you.

Be careful that there isn’t this wicked thought in your heart, ‘The seventh year, the year of canceling debts, is near,’ and you are stingy toward your poor brother and give him nothing. He will cry out to the Lord against you, and you will be guilty.

“If your fellow Hebrew, a man or woman, is sold to you and serves you six years, you must set him free in the seventh year. When you set him free, do not send him away empty-handed. Give generously to him from your flock, your threshing floor, and your winepress. You are to give him whatever the Lord your God has blessed you with. read more.
Remember that you were a slave in the land of Egypt and the Lord your God redeemed you; that is why I am giving you this command today.

Moses commanded them, “At the end of every seven years, at the appointed time in the year of debt cancellation, during the Festival of Booths, when all Israel assembles in the presence of the Lord your God at the place He chooses, you are to read this law aloud before all Israel.

“When you buy a Hebrew slave, he is to serve for six years; then in the seventh he is to leave as a free man without paying anything.

At the end of seven years, each of you must free his Hebrew brother who sold himself to you. He may serve you six years, but then you must send him out free from you. But your ancestors did not obey Me or pay any attention.

When the surrounding peoples bring merchandise or any kind of grain to sell on the Sabbath day, we will not buy from them on the Sabbath or a holy day. We will also leave the land uncultivated in the seventh year and will cancel every debt.

But if he gives a gift from his inheritance to one of his servants, it will belong to that servant until the year of freedom, when it will revert to the prince. His inheritance belongs only to his sons; it is theirs.