Bankruptcy and The Bible
Bankruptcy may be a modern-day term, but the Holy Bible also has some verses that match with today’s bankruptcy code. It is interesting to know how bankruptcy and the Bible have many elements that coincide strikingly. Be it the idea of eliminating debts, permitting the borrower a new beginning and allowing the debtor to keep or forego certain assets, many modern life situations can be seen in the Bible. Just like the concept of helping someone manage or restructure his/her debts; retain few assets while letting go of the material aspects to regain freedom and peace of mind. Let's have a detailed look at some of the facets of bankruptcy that are mentioned in the Bible to find out the evident correlation between the two. So here are some of the crucial points that must be kept in mind: New Beginning It is said that the common purpose of bankruptcy is to give the loyal and honest debtor a fresh beginning. And they deserve it owing to their circumstances which might ha...