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Religious Concerns with Bankruptcy

A frequent difficulty for many people struggling with the decision to file bankruptcy is religion. Many people with religious concerns related to filing bankruptcy believe that being relieved of their debts is immoral and counter to their religious beliefs. The belief that bankruptcy is somehow immoral, sinful, or opposed to Judeo-Christian religious principles is unfounded and incorrect.
The following article by Brett Weiss, a respected Maryland bankruptcy attorney, does a wonderful job providing scripture found all throughout both the Old and New Testament of the Bible supporting the idea that bankruptcy is not immoral or contrary to scripture. The article analyzes various scripture and explains how forgiveness of debt was not only looked favorably upon, but was actually required. The misconception that getting out from underneath debt and getting a fresh start is contrary to the Bible is illuminated in this fantastic article by Mr. Weiss.

From Bankruptcy and the Bible by Brett Weiss:

“The Bible balances the moral and legal obligation to pay your just debts with the need for compassion and the requirement–that’s right, requirement–that debts must be canceled at periodic intervals.”
“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, his brother, because the Lords release has been proclaimed.” Deuteronomy 15:1-2

If you find yourself struggling with religious considerations with respect to your decision about bankruptcy, I strongly urge you to read the article by Mr. Weiss. At the least, the article will provide a different perspective than the one which is currently impacting your ability to make this decision.

Click here to read the entire article Bankruptcy and the Bible by Brett Weiss.

About the Author
Christian Spaulding is the founder and principal attorney at Spaulding Law Group. Mr. Spaulding has lived in Southern California his entire life and his family has been in Southern California since the late 1800’s. Mr. Spaulding received his undergraduate degree from Chapman University in Orange with a Bachelor of Science in Accounting. While completing his undergraduate studies, Mr. Spaulding was the recipient of the prestigious Wall Street Journal Student Business Award. Mr. Spaulding graduated at the top of his accounting program at Chapman University and attended law school at Chapman University School of Law where he was a Merit Scholarship recipient. Mr. Spaulding has focused his firm’s practice solely on consumer protection and bankruptcy since 2009.

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