Reference: Debtor
American
One under obligations, whether pecuniary or moral, Mt 23:16; Ro 1:14; Ga 5:3. If the house, cattle, or goods of a Hebrew would not meet his debts, his land might be appropriate for this purpose until the year of Jubilee, or his person might be reduced into servitude till he had paid his debt by his labor, or till the year of Jubilee, which terminated Hebrew bondage in all cases, Le 25:29-41; 2Ki 4:1; Ne 5:3-5.
See Verses Found in Dictionary
"If a man sells a dwelling house in a walled city, he may redeem it within a year of its sale. For a full year he shall have the right of redemption. If it is not redeemed within a full year, then the house in the walled city shall belong in perpetuity to the buyer, throughout his generations; it shall not be released in the jubilee. read more. But the houses of the villages that have no wall around them shall be classified with the fields of the land. They may be redeemed, and they shall be released in the jubilee. As for the cities of the Levites, the Levites may redeem at any time the houses in the cities they possess. And if one of the Levites exercises his right of redemption, then the house that was sold in a city they possess shall be released in the jubilee. For the houses in the cities of the Levites are their possession among the people of Israel. But the fields of pastureland belonging to their cities may not be sold, for that is their possession forever. "If your brother becomes poor and cannot maintain himself with you, you shall support him as though he were a stranger and a sojourner, and he shall live with you. Take no interest from him or profit, but fear your God, that your brother may live beside you. You shall not lend him your money at interest, nor give him your food for profit. I am the LORD 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 becomes poor beside you and sells himself to you, you shall not make him serve as a slave: he shall be with you as a hired servant and as a sojourner. He shall serve with you until the year of the jubilee. Then he shall go out from you, he and his children with him, and go back to his own clan and return to the possession of his fathers.
There were also those who said, "We are mortgaging our fields, our vineyards, and our houses to get grain because of the famine." And there were those who said, "We have borrowed money for the king's tax on our fields and our vineyards. read more. Now our flesh is as the flesh of our brothers, our children are as their children. Yet we are forcing our sons and our daughters to be slaves, and some of our daughters have already been enslaved, but it is not in our power to help it, for other men have our fields and our vineyards."
I am under obligation both to Greeks and to barbarians, both to the wise and to the foolish.
I testify again to every man who accepts circumcision that he is obligated to keep the whole law.
Easton
Various regulations as to the relation between debtor and creditor are laid down in the Scriptures.
(1.) The debtor was to deliver up as a pledge to the creditor what he could most easily dispense with (De 24:10-11).
(2.) A mill, or millstone, or upper garment, when given as a pledge, could not be kept over night (Ex 22:26-27).
(3.) A debt could not be exacted during the Sabbatic year (De 15:1-15).
For other laws bearing on this relation see Le 25:14,32,39; Mt 18:25,34.
(4.) A surety was liable in the same way as the original debtor (Pr 11:15; 17:18).
See Verses Found in Dictionary
If ever you take your neighbor's cloak in pledge, you shall return it to him before the sun goes down, for that is his only covering, and it is his cloak for his body; in what else shall he sleep? And if he cries to me, I will hear, for I am compassionate.
And if you make a sale to your neighbor or buy from your neighbor, you shall not wrong one another.
As for the cities of the Levites, the Levites may redeem at any time the houses in the cities they possess.
"If your brother becomes poor beside you and sells himself to you, you shall not make him serve as a slave:
"At the end of every seven years you shall grant a release. And this is the manner of the release: every creditor shall release what he has lent to his neighbor. He shall not exact it of his neighbor, his brother, because the LORD's release has been proclaimed. read more. Of a foreigner you may exact it, but whatever of yours is with your brother your hand shall release. But there will be no poor among you; for the LORD will bless you in the land that the LORD your God is giving you for an inheritance to possess-- if only you will strictly obey the voice of the LORD your God, being careful to do all this commandment that I command you today. For the LORD your God will bless you, as he promised you, and you shall lend to many nations, but you shall not borrow, and you shall rule over many nations, but they shall not rule over you. "If among you, one of your brothers should become poor, in any of your towns within your land that the LORD your God is giving you, you shall not harden your heart or shut your hand against your poor brother, but you shall open your hand to him and lend him sufficient for his need, whatever it may be. Take care lest there be an unworthy thought in your heart and you say, 'The seventh year, the year of release is near,' and your eye look grudgingly on your poor brother, and you give him nothing, and he cry to the LORD against you, and you be guilty of sin. You shall give to him freely, and your heart shall not be grudging when you give to him, because for this the LORD your God will bless you in all your work and in all that you undertake. For there will never cease to be poor in the land. Therefore I command you, 'You shall open wide your hand to your brother, to the needy and to the poor, in your land.' "If your brother, a Hebrew man or a Hebrew woman, is sold to you, he shall serve you six years, and in the seventh year you shall let him go free from you. And when you let him go free from you, you shall not let him go empty-handed. You shall furnish him liberally out of your flock, out of your threshing floor, and out of your winepress. As the LORD your God has blessed you, you shall give to him. You shall remember that you were a slave in the land of Egypt, and the LORD your God redeemed you; therefore I command you this today.
"When you make your neighbor a loan of any sort, you shall not go into his house to collect his pledge. You shall stand outside, and the man to whom you make the loan shall bring the pledge out to you.
Whoever puts up security for a stranger will surely suffer harm, but he who hates striking hands in pledge is secure.
One who lacks sense gives a pledge and puts up security in the presence of his neighbor.
And since he could not pay, his master ordered him to be sold, with his wife and children and all that he had, and payment to be made.
And in anger his master delivered him to the jailers,until he should pay all his debt.
Smith
Debtor.
[LOAN]
See Loan