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19 Bible Verses about Bankruptcy
Most Relevant Verses
"You must cancel your debts at the end of every seventh year. This is the way to conduct remission: every creditor must cancel the loan that his friend borrowed, and he must not pressure his friend or brother to repay it, because remission to the LORD will be proclaimed.
The wealthy rule over the poor, and anyone who borrows is a slave to the lender.
Do not owe anyone anything except to love one another. For the one who loves another has fulfilled the Law.
When you make a promise to God, don't fail to keep it, since he isn't pleased with fools. Keep what you promise it's better that you don't promise than that you do promise and not follow through.
This happened in order that the blessing promised to Abraham would come to the gentiles through the Messiah Jesus, so that we might receive the promised Spirit through faith.
Let the peace of the Messiah also rule in your hearts, to which you were called in one body, and be thankful.
You cause me to know the path of life; in your presence is joyful abundance, at your right hand there are pleasures forever. A Davidic Prayer.
Throw all your worry on him, because he cares for you.
Trust in the LORD with all your heart, and do not depend on your own understanding. In all your ways acknowledge him, and he will make your paths straight.
"If you loan money to my people, to the poor among you, don't be like a creditor to them and don't impose interest on them. If you take your neighbor's coat as collateral, you are to return it to him by sunset, for it's his only covering; it's his outer garment, for what else can he sleep in? And when he cries out to me, I'll hear him, for I am gracious.
"If your relative becomes so poor that he is indebted to you, then you are to support him. You are to let him live with you just like the resident alien and the traveler. You are not to take interest or profit from him. Instead, you are to fear your God and let your relative live with you. You are not to loan him money with interest or sell him your food at a profit.
For you know the grace of our Lord Jesus, the Messiah. Although he was rich, for your sakes he became poor, so that you, through his poverty, might become rich.
So be perfect, as your heavenly Father is perfect."
Don't be one of those who make promises to guarantee loans for debts. If you don't have the ability to pay, why should your very bed be taken from under you?