What Does the Bible Say About Filing Bankruptcy?
Here are 7 Bible verses about filing bankruptcy, ordered by how relevant readers found them, with the King James Version and the modern Berean Standard Bible side by side.
- #1Deuteronomy 15:1-2
At the end of every seven years thou shalt make a release. And this is the manner of the release: Every creditor that lendeth ought unto his neighbour shall release it; he shall not exact it of his neighbour, or of his brother; because it is called the Lord’s release.
BSBAt the end of every seven years you must cancel debts. This is the manner of remission: Every creditor shall cancel what he has loaned to his neighbor. He is not to collect anything from his neighbor or brother, because the LORD’s time of release has been proclaimed.
- #2Deuteronomy 15:1-23
At the end of every seven years thou shalt make a release. And this is the manner of the release: Every creditor that lendeth ought unto his neighbour shall release it; he shall not exact it of his neighbour, or of his brother; because it is called the Lord’s release. Of a foreigner thou mayest exact it again: but that which is thine with thy brother thine hand shall release; Save when there shall be no poor among you; for the Lord shall greatly bless thee in the land which the Lord thy God giveth thee for an inheritance to possess it: Only if thou carefully hearken unto the voice of the Lord thy God, to observe to do all these commandments which I command thee this day. For the Lord thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee. …
BSBAt the end of every seven years you must cancel debts. This is the manner of remission: Every creditor shall cancel what he has loaned to his neighbor. He is not to collect anything from his neighbor or brother, because the LORD’s time of release has been proclaimed. You may collect something from a foreigner, but you must forgive whatever your brother owes you. There will be no poor among you, however, because the LORD will surely bless you in the land that the LORD your God is giving you to possess as an inheritance, if only you obey the LORD your God and are careful to follow all these commandments I am giving you today. When the LORD your God blesses you as He has promised, you will lend to many nations but borrow from none; you will rule over many nations but be ruled by none. …
- #3Ecclesiastes 5:5
Better is it that thou shouldest not vow, than that thou shouldest vow and not pay.
BSBIt is better not to vow than to make a vow and not fulfill it.
- #4Psalms 37:21
The wicked borroweth, and payeth not again: but the righteous sheweth mercy, and giveth.
BSBThe wicked borrow and do not repay, but the righteous are gracious and giving.
- #5Revelation 1:1
The Revelation of Jesus Christ, which God gave unto him, to shew unto his servants things which must shortly come to pass; and he sent and signified it by his angel unto his servant John:
BSBThis is the revelation of Jesus Christ, which God gave Him to show His servants what must soon come to pass. He made it known by sending His angel to His servant John,
- #6Proverbs 22:7
The rich ruleth over the poor, and the borrower is servant to the lender.
BSBThe rich rule over the poor, and the borrower is slave to the lender.
- #7Exodus 22:25-27
If thou lend money to any of my people that is poor by thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury. If thou at all take thy neighbour’s raiment to pledge, thou shalt deliver it unto him by that the sun goeth down: For that is his covering only, it is his raiment for his skin: wherein shall he sleep? and it shall come to pass, when he crieth unto me, that I will hear; for I am gracious.
BSBIf you lend money to one of My people among you who is poor, you must not act as a creditor to him; you are not to charge him interest. If you take your neighbor’s cloak as collateral, return it to him by sunset, because his cloak is the only covering he has for his body. What else will he sleep in? And if he cries out to Me, I will hear, for I am compassionate.
Verse rankings: OpenBible.info Topical Bible (CC BY). Scripture: KJV & BSB (public domain).