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 anyone sells a home in a walled city, for one year after selling it he has the right to buy it back. He may buy it back only within that time. If he does not buy it back during that year, the house in the city belongs to the buyer for generations to come. It will not be released in the jubilee. read more. Houses in villages without walls are regarded as belonging to the fields of the land. They can be bought back. They will be released in the jubilee. The Levites always have the right to buy back their property in the cities they own. If any Levite buys back a house, in the jubilee the purchased house in the city will be released. This is because the houses in the Levite cities are their property among the Israelites. But a field that belongs to their cities must not be sold, because it is their property from generation to generation. If an Israelite becomes poor and cannot support himself, you should help him. He must live with you as a stranger without a permanent home. Do not collect interest or make any profit from him. Respect your God by respecting other Israelites' lives. Do not collect any interest on your money or on the food you give them. I am Jehovah your God. I brought you out of Egypt to give you Canaan and to be your God. If an Israelite becomes poor and sells himself to you, do not work him like a slave. He will be like a hired worker or a visitor to you. He may work with you until the year of jubilee. Then you will release him and his children to go back to their family and the property of their ancestors.
There were some who said: We are giving our fields and our vine-gardens and our houses for debt. Let us get grain because we are in need. Yet others said: We have given up our fields and our vine-gardens to get money for the king's taxes. read more. But our flesh is the same as the flesh of our countrymen, and our children as their children. Now we give our sons and daughters into the hands of others, to be their servants. Some of our daughters are servants even now. We have no power to stop this. For other men have our fields and our vine-gardens.
Woe to you, you blind guides! You say, 'When you swear by the temple, it is nothing.' Then you say, 'When you swear by the gold of the temple, you are obligated.'
I am a debtor both to the Greeks, and to the barbarians, both to the wise, and to the unwise.
Yes, I testify again to every man who receives circumcision. He is under obligation to obey 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 you take someone's cloak as a pledge that he will pay you, you must give it back to him before the sunsets, for it is the only covering he has to keep him warm. What else can he sleep in? When he cries out to me for help, I will answer him because I am merciful.
In the business of trading goods for money, do no wrong to one another.
If an Israelite becomes poor and sells himself to you, do not work him like a slave.
Release all debts at the end of every seven years. This is how you should release. Every man who has a loan to his neighbor shall release it. He shall not require it from his neighbor, or from his brother, because it is called Jehovah's release. read more. You may collect from a foreigner, but your hand should release that debt which is yours with your brother. There should not be any poor people among you. Jehovah your God will certainly bless you in the land he is giving you as your own possession. He will bless you only if you listen carefully to Jehovah your God and faithfully obey all these commandments I give you today. Jehovah your God will bless you, as he promised. You will make loans to many nations. But you will not have to borrow from any of them. You will rule many nations. But no nation will ever rule over you. This is what you must do whenever there are poor Israelites in one of your cities in the land that Jehovah your God is giving you. Be generous to these poor people. Freely lend them as much as they need. Never be hardhearted and stingy with them. When the seventh year, the year when payments on debts are canceled, is near, you might be stingy toward poor Israelites and give them nothing. Be careful not to think these worthless thoughts. The poor will complain to Jehovah about you, and you will be condemned for your sin. Give the poor what they need, because then Jehovah will make you successful in everything you do. There will always be some Israelites who are poor and needy. That is why I am commanding you to be generous with them. If you buy Israelites (your own brothers) as slaves, you must set them free after six years. Do not send him away empty handed when you set him free. Supply him liberally from your flock and from your threshing floor and from your wine vat. Give to him as Jehovah your God has blessed you. Remember that you were a slave in the land of Egypt, and Jehovah your God redeemed you. Therefore I command you this today!
When you make your neighbor a loan of any sort do not go into his house and repossess the security. Remain outside, and the man to whom you make the loan must bring the pledged security out to you.
He that is surety for a stranger will suffer. He that hates being surety is sure.
A man without understanding shakes hands and becomes surety for his friend.
He was not able to make payment. So his lord gave orders for him to be sold. His wife, sons, and daughters were all to be sold along with every possession. The money would be used for payment of what he owed.
His lord was angry and sent him to jail to be punished until he paid back all of his debt.
Smith
Debtor.
[LOAN]
See Loan