Translations
Original
Notes
cancel debts: This refers to releasing people from what they owe. It means freeing them from financial bondage (being trapped by unpaid debt).
The creditor was to forgive the debt. The person who owed money would not face further penalty for failing to repay it.
The law of Moses included rules about borrowing and lending. Here, God commanded Israel to cancel debts in the seventh year and to lend generously to the poor.
These laws helped poor people survive times of need. They also placed limits on the wealthy so they would not take advantage of those who were vulnerable.
Parallels
Glossary
Archaeology and the Bible Banker, Banking Beggar Biblical Concept of Law Covenant Debt Deuteronomy, Book of Feasts and Festivals of Israel Poor, the Sabbath
Topics
Bankruptcy Lending: General Scriptures Concerning Sabbatic Year: Creditors Required to Release Debtors In The Feast of Sabbatical Year: Enactments Respecting: Remission of Debts