1 / 2

Bankruptcy and The Bible

Bankruptcy may be a modern-day term, but it has always been there, and it is evident even in the Bible. You would be surprised to know how bankruptcy and the Bible are correlated. Some of the Bible's verses coincide strikingly with today's bankruptcy code.

naderlawfirm
Télécharger la présentation

Bankruptcy and The Bible

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BANKRUPTCY ANDTHE BIBLE Verses from the Holy Bible that match with today’s bankruptcy code. NEWBEGINNING The common purpose of bankruptcy is to give the loyal and honest debtor a fresh beginning. In Biblical times, once you cleared the dues and paid off your debt, you received a decent compensation to allow you to function and rebuild your life positively. Found in Deuteronomy 15:12-13. 1 RELIEVEORDISCHARGE According to Deuteronomy 15:1-2, At the end of every seven years, you shall grant a release. This is how it is to be done: Every creditor who has lent anything to his fellow shall release his authority; he shall not require it of his brother, because it is called the Lord’s release. This is similar to the mechanism for discharging the debt under bankruptcy. 2 EXEMPTIONS Today's bankruptcy system has evolved. Now, a debtor is given a discharge and is also allowed to keep certain assets post the case is submitted. These assets that one can keep are known as exemptions. The Bible also talks about the same tenets of humanity and financial management and provide compensation to the debtor to restart his life. 3

  2. BANKRUPTCY ANDTHE BIBLE Verses from the Holy Bible that match with today’s bankruptcy code. REORGANIZATION The Bankruptcy Code allows people to reorganize their debts so that they can manage their living. The Bible also asks to assist and uplift those struggling financially and do our bit so that they too can come to terms with life. The expression "support him" clearly means- do not let him fall behind. Both the Bible and bankruptcy have similar sayings when it comes to reorganizing someone’s life. 4 DON'TBE ASHAMED Bankruptcy is not something to be shameful of. Rather it is a way to get back on your feet and move forward in life. Till the time its acceptable, your debts can be discharged, though there are always some exceptions. The very same concept of a discharge of debt is part of the Biblical tradition as well. Therefore, one must not hesitate to seek support when it is available. 5 HAVETHATSUPPORTFROMYOUR BANKRUPTCYLAWYER

More Related