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Forgive Us
Our Debts as We Forgive Our Debtors
'Bankruptcy and the Bible'
Dalton Camp proclaimed several years ago that, “having lost its value,
money may no longer be the root of all evil; credit having taken its
place.” This statement demonstrates the paradox of modern day religion and
debt—should our reaction be one of condemnation or one of compassion.
Since many recent respected studies have shown that the average American
family is only three weeks away from personal bankruptcy, and new
legislation that will deny bankruptcy relief to hundreds of thousands of
American families is now the law, it is time to revisit what the Bible
teaches us about debt.
The Bible makes it clear that people are generally expected to pay their
debts. Leviticus 25:39. No one will—or should—advance any argument against
this general proposition. However, this moral and legal obligation to pay
just debts must be balanced by such considerations as the need for
compassion and the call to cancel debts at periodic intervals. The
Biblical basis for such considerations is based on the sabbatical and
Jubilee years. The secular basis arises out of the Constitutional
requirement that Congress enact uniform laws allowing businesses and
consumers to cancel and to restructure debt obligations. This Biblical
support for the legal right to cancel debt is enforced by the even
stronger Biblical doctrine that prohibited interest of any amount rather
than just usury or excessive interest.
Within the areas of economic justice and stability, the Old Testament is
replete with examples of compassionate treatment of the poor, and with
preservation of the family unit. These goals were superior to the material
concerns of repayment of debt. For instance, Deuteronomy 15:7-10 is
particularly forceful. It provides as follows: “If there is a poor man
among your brothers . . . do not be hardhearted or tightfisted toward your
poor brother. Rather be open-handed and freely lend him whatever he needs.
Be careful not to harbor this wicked thought: ‘The seventh year, the year
for canceling debts, is near,’ so that you show ill toward your needy
brother and give him nothing. He may then appeal to the LORD against you,
and you will be found guilty of sin. Give generously to him and do so
without a grudging heart; then because of this the LORD your God will
bless you in all your work and in everything you put your hands to.”
The cancellation of debt in the Old Testament was accomplished at
legislated intervals. Deuteronomy 15:1-2 clearly provides for such
legislative release with the following language: “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 Lord’s release has been proclaimed”. Under this
Biblical model, the debtors’ payment or non-payment of debts was not in
question. The debtors may or may not have been culpable for their debts.
It was a strict model with no “means test” or detailed analysis of every
debt.1 And, while Old Testament lenders were admonished to be merciful,
debts were canceled every seven years whether they liked it or not. The
Old Testament model can therefore be legitimately applied to modern day
bankruptcy laws. The principle is that, while taken seriously, debt can be
canceled to achieve some higher purpose—such as the preservation of the
family unit. It also should be noted that Deuteronomy 15:12-13 provides
that slaves should be freed every seven years creating an interesting
analogy between the creditor-debtor and the master-servant relationship.
The Biblical use of the term “usury” corresponds to our modern word
interest rather than to the notion of “excessive interest” to which we
generally apply the term usury today. Only a small number of us would
seriously question the morality of profiting from a loan at normal
interest rates. However, the Talmud quotes an ancient rabbi as saying: “It
is better to sell your daughter into slavery than to borrow money on
interest.” The Lord only knows what this same rabbi would say today if
confronted with credit cards bearing interest rates of 34.99% and higher
and with some “pay day” lenders demanding annual rates in excess of
2,000%.
The Biblical doctrine of usury rests primarily on three texts: Exodus
22:25; Leviticus 25:35; and Deuteronomy 23:19-20. Exodus and Leviticus
prohibit loans of money or food with interest to a needy brother or sister
or even a resident alien. Deuteronomy forbids taking interest from any
person. Other Books of the Bible underline the importance of this
prohibition on interest. For example, Psalm 15:5 characterizes a righteous
man as one who, among other things, “lends his money without usury.” Both
Ezekiel 22:12 and Nehemiah 5:0-11 condemn lending money with interest,
especially to the poor. And Ezekiel 18:13 list the taking of interest
among sins worthy of death.
The prohibition on interest is based on God’s covenant with Israel. The
rule is founded upon the compassionate treatment of various oppressed
groups: the resident alien; the widow; the orphans; and the poor. Exodus
22:25-27 states the law in explicit terms: “If you lend to one of my
people among you who is needy, do not be like the money lender; charge him
no interest. If you take your neighbor’s cloak as a pledge, return it to
him by sunset, because his cloak is the only covering he has for his body.
What else will he sleep on? When he cries out to me, I will hear, for I am
companionate.” Leviticus 25:35-37 provides that “If one of your countrymen
becomes poor and is unable to support himself among you, help him as you
would an alien or a temporary resident, so that he can continue to live
among you. Do not take interest of any kind from him, but fear your God,
so that your countryman may continue to live among you. You must not lend
him money at interest or sell him food at profit.” Finally, Deuteronomy
23:19-20 provides: “Do not charge your brother interest, whether on money
or food or anything else that may earn interest.”
Jesus clearly had these Biblical principles in mind when he admonished the
“money changers” and removed them from God’s house, the sacred Temple. In
John 2:14 Jesus “poured out the changers of money and overthrew the
tables”. Jesus, in fact, was always true to the principles underlying
usury and debt forgiveness and the notion of the importance of placing
love and compassion above greed and wealth. In Luke 6:34-35 Jesus said:
“And if you lend to those from whom you hope to receive, what credit is
that to you? Even sinners lend to sinners, to receive as much again. But
love your enemies and, do good, and lend, expecting nothing in return, and
your reward will be great, and you will be sons of the Most High; for he
is kind to the ungrateful and the selfish.” The followers of Jesus were to
be concerned with the welfare of others, even when met with hatred and
abuse.
The consistent teaching of both the Old and New Testaments is that
compassion, mercy and justice are to override purely economic concerns,
such as loans. Religious people are to be gracious to all, even debtors.
Jesus said that God does cause the rain to fall on the just and the unjust
and in Mark 10:25 he said that “[i]t is easier for a camel to go through
the eye of a needle, than for a rich man to enter in to the kingdom of
God”. And in Luke 16:9 he said: “I tell you, use worldly wealth to gain
friends for yourselves, so that when it is gone, you will be welcomed into
eternal dwellings”, and to “forgive and ye shall be forgiven” Luke 6:37.
The compassion of the scriptures, including the setting aside of
legitimate rights of lenders, was typical of economic relationships in the
economy of early Judeo- Christian societies. The central theme is one of
stability—a stable society with a guarantee of economic security to each
family. Wealth was viewed as a blessing from God (Deuteronomy 8:11-18,
28). This blessing resulted from obedience and was based on God’s
compassion. The tithing for
the poor, the gleaning laws, the year of the Jubilee, were all tangible
ways that Israelites could show compassion for each other and honor God by
following His law. Beyond income-maintenance programs, the Biblical Law
provided a permanent mechanism—such as the Sabbatical year and Jubilee—to
ensure that temporary misfortune barred no family from full participation
in economic life.
The current bankruptcy law passed by Congress and signed into law by the
President in 2005 lacks any compassion for the poor, makes no redress to
the modern day money changers who shamelessly peddle plastic at rates that
would draw the Holy wrath of God himself, provides no relief but only
additional misery to the families saddled with thousands of dollars in
medical bills, and most importantly severely undermines the economic and
social stability of the average American family. These Americans are like
the farmers of the Old Testament who proclaimed to King Nehemiah, “We have
had to borrow money to pay the king’s tax on our fields and vineyards.
Although we are of the same flesh and blood as our countrymen and tho ugh
our sons are as good as theirs, yet we have to subject our sons and
daughters to slavery. Some of our daughters have already been enslaved,
but we are powerless, because our fields and our vineyards belong to
others”. Nehemiah 5:3-5. Nehemiah responded to his people and ordered to
“let the extracting of usury stop! Give back to them immediately their
fields, vineyards, olive groves, and houses and also the usury you are
charging them…”. Nehemiah 5:11. It is time for our elected Representatives
in Washington to follow the example of the Holy Scriptures and to respond
in kind by repealing the current Bankruptcy Bill and by not taking away
power from the powerless and eliminating relief for the suffering.
Based on an article by O. Max Gardner,
III, Esquire
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This passage is similar to many other Old Testament commandments including
Deuteronomy 5:17’s “Thou shall not kill” which provides no specifics nor
creates no hierarchy of culpability.
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