11 Bible Verses about Cancellation Of Dept

For the wages of sin is death, but the free gift of God is eternal life in union with the Messiah Jesus our Lord.

"The Spirit of the LORD is upon me, because the LORD has anointed me; he has sent me to bring good news to the oppressed and to bind up the brokenhearted, to proclaim freedom for the captives, and release from darkness for the prisoners; to proclaim the year of the LORD's favor, the day of vengeance of our God; to comfort all who mourn; to provide for those who grieve in Zion to bestow on them a crown of beauty instead of ashes, the oil of gladness instead of mourning, a mantle of praise instead of a spirit of despair." "Then people will call them "Oaks of Righteousness", "The Planting of the LORD", in order to display his splendor.

"Count for yourselves seven years of Sabbaths seven times seven years. This set of seven weeks of years total 49 years for you. Sound a horn on the tenth day of the seventh month of this fiftieth year. Likewise, on the Day of Atonement, sound the horn throughout your land. Set aside and consecrate the fiftieth year to declare liberty throughout the land for all of its inhabitants. It is to be a jubilee for you. Every person is to return to his own land that he has inherited. Likewise, every person is to return to his tribe. read more.
The fiftieth year is to be a year of jubilee for you. You are not to sow or harvest the spilled kernels that grow of themselves or pick grapes from the untrimmed vines because it's the jubilee it's sacred for you. But you may eat its produce from the field. "During this year of jubilee, each person is to return to his own land that he has inherited. So if you had sold property to a neighbor or had acquired land from your neighbor, you are not to cheat one another. According to the number of years after the jubilee, you may buy from your neighbor. And according to the number of years with crops, he may sell to you. If the number of years after the jubilee is more, increase the selling price. If the number of years after the jubilee is few, decrease its selling price, because he's selling to you according to the potential production volume of the land. No one is to cheat his neighbor. Instead, you are to fear your God, because I am the LORD your God. "Observe my statutes and keep my ordinances. Do them so that you may live securely in the land. Then the land will yield its fruit and you'll eat to your satisfaction and live securely. "Now if you ask, "What will we eat during the seventh year? After all, we may not plant or even gather our produce!' I'll command my blessing on you during the sixth year so that it will yield produce for three years! That way, you are to sow in the eighth year, eating the produce from the old harvest. Until the ninth year when its produce comes in, you'll eat from the old harvest." "The land is not to be sold with any finality, because the land belongs to me. You're sojourners and travelers with me. So throughout all of your land inheritance, grant the right of redemption for the land. "If your brother becomes so poor that he has to a sell portion of his inheritance, then his nearest kinsman redeemer is to come and redeem what his brother has sold. If a person doesn't have a kinsman redeemer, but has become rich and found sufficient means for his redemption, then let him account for the years for which it was sold, return the excess to the person to whom it was sold, and then return to his property. If he's not able to redeem it back for himself, then what he sold is to remain in the hand of the buyer until the year of jubilee. In the jubilee, it is to be returned so he may return to his property. "If a person sells a residential house in a walled city, he is to redeem it within the year in which it was sold. He may have right to its redemption for a full year. But if it's not redeemed by the end of a full year, then the house next to which is a wall is to belong in perpetuity to the one who bought it throughout his generations. It is not to be returned in the jubilee. However, the houses in the villages that don't have walls around them are to be categorized along with the fields of the land they may be redeemed and returned in the jubilee. Nevertheless, the cities that belong to the descendants of Levi that is, the houses in the cities that belong to them are to belong to the descendants of Levi perpetually as part of their right of redemption. If someone from the descendants of Levi redeems the houses in the cities that they own, they are to be returned in the jubilee, because the houses of the cities of the descendants of Levi are to remain their property among the Israelis. Also, the open land of their cities is not to be sold, because it is to remain their perpetual inheritance." "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. 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 with you becomes so poor that he sells himself to you, you are not to make him serve like a bond slave. Instead, he is to serve with you like a hired servant or a traveler who lives with you, until the year of jubilee. Then he and his children with him may leave to return to his family and his ancestor's inheritance. Since they're my servants whom I've brought out of the land of Egypt, they are not to be sold as slaves. You are not to rule over them with harshness. You are to fear your God." "As for your male and maid slaves who will be with you, you may buy male and female slaves from among the nations. You may also buy from resident aliens who live among you and their families who are with you, whom they fathered in your land. They may become your property. You may give them as inherited property to your children after you, to own as properties in perpetuity. You may make bond slaves of them, but no one is to rule over his fellow Israeli with harshness. "If a resident alien or traveler becomes rich, but your relative who lives next to him is so poor that he sells himself to that resident alien or traveler among you or to a member of the resident alien's family, he has the right to be redeemed after he sells himself. One of his brothers may redeem him. His uncle or his uncle's son may redeem him or any blood relative from his tribe may redeem him. If he becomes rich, then he may redeem himself. "He is to bring an accounting to the one who bought him, starting from the year he had sold himself until the year of jubilee. The price of his sale is to correspond to the number of years comparable to the time a hired servant stays with him. If there are still many years left, he is to refund the cost of his redemption. But if only a few years are left until the year of jubilee, he is to bring an accounting of the years that he is to refund for his redemption. Like a hired servant, he is to remain with him year after year, but he is not to rule over him with what you see as severity. If he isn't redeemed by these, then he is to be set free in the year of jubilee he and his children with him because the Israelis are my servants. They're my servants, since I brought them out of the land of Egypt. I am the LORD your God."

"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. You may exact payment from a foreigner, but cancel whatever your brother owes you.

Be careful not to think this wicked thought to yourselves: "The seventh year, the year of remission, is drawing near,' and you show ill will toward your poor relative and not give to him. He may then call to the LORD on account of you, and you will be guilty of sin.

"When a fellow Hebrew male or female slave is sold to you and serves you for six years, then in the seventh year you are to set them free. But when you set them free, don't send them away empty-handed. Provide for them liberally from your flock, threshing floor, and wine vat. As the LORD your God has blessed you, so give to them. read more.
Don't ever forget that you were a slave in the land of Egypt, yet the LORD your God redeemed you. Therefore, I'm giving you these commands today.

Then he gave these orders: "At the end of seven years, the year designated for release, during the Festival of Tents, when all of Israel comes to appear in the presence of the LORD your God at the place that he'll choose, read this Law aloud to them.

"When you acquire a Hebrew servant, he is to serve for six years, and in the seventh he is to go out a free man without paying anything.

"At the end of seven years, each of you is to set free your fellow Hebrew who has sold himself to you and has served you for six years. You are to send him out from you with no further obligation." But your ancestors didn't obey me or pay attention.

As for the people of the land who bring merchandise or grain to sell on the Sabbath day, we will not buy from them on the Sabbath or on any holy day. We will forego planting crops, and we will cancel debts during every seventh year."

But if he gives a gift to any of his servants, it is to belong to the servant until the Year of Release, at which time it is to be returned to the Regent Prince. His inheritance is to belong only to his sons.