Translations
Original
Notes
The remission happened every seventh year across the nation ("the Sabbath year," Leviticus 25:1–7). The timing followed the national calendar, not the date when a loan was made. As a result, a loan could be canceled only one year after it was given.
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 Biblical Concept of Law Covenant Debt Deuteronomy, Book of Feasts and Festivals of Israel Neighbor Poor, the Sabbath
Topics
Bankruptcy Creditor: Laws Concerning Creditors: Prohibited From: Exacting Debts from Brethren During Sabbatical Year Lending: General Scriptures Concerning Poor: Duty To Sabbatic Year: Creditors Required to Release Debtors In The Feast of Sabbatical Year: Enactments Respecting: Remission of Debts