Comments on: Bankruptcy and the Bible http://www.christianpf.com/bankruptcy-and-the-bible/ Christian Personal Finance - Financial help, debt help and other financial resources Sat, 21 Nov 2009 08:03:07 -0600 hourly 1 By: Aggi Kasparis http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-17362 Aggi Kasparis Tue, 03 Nov 2009 01:24:59 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-17362 The repercutions of dept and bankrupcy are an enormus burden to us.One i sometimes feel i can no longer carry.I spend sleepness nights worrying about it. things went hiorribly wrong 5 years ago when i was forced to split from my then spouse. this in turn started an avalanch of dissasters. from loosing my family home , my children due to the separation, then the death of my dad and then my mum.was not in a good place then after all that to put it lightly... this again in turn had a huge impact on my business having lost all my staff when they walk out on me . 1 of them whom was related to my ex wrongly convinced them that i had instigated the split.how much more can a man take. i kept saying to god.!!!!! this resulted in me fighting back to try to keep my business afloat and turn things around. i must emphasise that thru all this i was a christian, and will always be . Correct me if im wrong but i felt i was under attack by the enemy and so emerst myself into my faith that`s got me through thus far. even tho the dispair got me suiacidal on occations, sorry cant spell. lol. the fight to keep my business and my now home meant i had to borrow to help short term until i managed to sell. well that didn`t work either. borrowed 50 k through credit cards, loans .ect . had 4 potencial buyers who all cost me money over the 5 years of desparately trying to keep things afloat still believing that god will rescue me from this demonic attack on my life and well being.well bankruptcy was my only option.i then believed it was a godsent it seemed the only way. now christians out there please tell me where iv gone wrong and pray for me cause i`m now getting evicted from my home again cause the person whom we share a house with refuses to pay his share of the rent , is there no end to my missery. x x The repercutions of dept and bankrupcy are an enormus burden to us.One i sometimes feel i can no longer carry.I spend sleepness nights worrying about it. things went hiorribly wrong 5 years ago when i was forced to split from my then spouse. this in turn started an avalanch of dissasters. from loosing my family home , my children due to the separation, then the death of my dad and then my mum.was not in a good place then after all that to put it lightly… this again in turn had a huge impact on my business having lost all my staff when they walk out on me . 1 of them whom was related to my ex wrongly convinced them that i had instigated the split.how much more can a man take. i kept saying to god.!!!!! this resulted in me fighting back to try to keep my business afloat and turn things around. i must emphasise that thru all this i was a christian, and will always be . Correct me if im wrong but i felt i was under attack by the enemy and so emerst myself into my faith that`s got me through thus far. even tho the dispair got me suiacidal on occations, sorry cant spell. lol. the fight to keep my business and my now home meant i had to borrow to help short term until i managed to sell. well that didn`t work either. borrowed 50 k through credit cards, loans .ect . had 4 potencial buyers who all cost me money over the 5 years of desparately trying to keep things afloat still believing that god will rescue me from this demonic attack on my life and well being.well bankruptcy was my only option.i then believed it was a godsent it seemed the only way. now christians out there please tell me where iv gone wrong and pray for me cause i`m now getting evicted from my home again cause the person whom we share a house with refuses to pay his share of the rent , is there no end to my missery. x x

]]> By: J Mancuso http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-16102 J Mancuso Mon, 28 Sep 2009 22:52:55 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-16102 Although I appreciate stumbling upon this article. Please be aware that the bible also tells us that we are under the law and should abide by it. Although I appreciate stumbling upon this article. Please be aware that the bible also tells us that we are under the law and should abide by it.

]]> By: Michael Blauser http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-16056 Michael Blauser Mon, 28 Sep 2009 00:30:37 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-16056 When the credit card companies lend, they know a bankruptcy law exists. Pay it back within reason; if you can't, file bankruptcy and move on. Millions of Christians have, and will. When the credit card companies lend, they know a bankruptcy law exists. Pay it back within reason; if you can’t, file bankruptcy and move on. Millions of Christians have, and will.

]]> By: Dave http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-15527 Dave Sun, 13 Sep 2009 15:54:18 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-15527 So I want to make sure I understand why this verse was posted. Psalm 37:21 "The wicked borrows and does not pay back, but the righteous is gracious and gives." I am to conclude that if you borrow and are unable to repay, I did not say unwilling to repay, that you are wicked. Is this correct? Then I must conclude that every Christian in the world today and in the past is and was completely able to repay any and all debts they have ever acquired? Right? So I want to make sure I understand why this verse was posted.

Psalm 37:21

“The wicked borrows and does not pay back, but the righteous is gracious and gives.”

I am to conclude that if you borrow and are unable to repay, I did not say unwilling to repay, that you are wicked. Is this correct?

Then I must conclude that every Christian in the world today and in the past is and was completely able to repay any and all debts they have ever acquired? Right?

]]> By: bob http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-14222 bob Thu, 30 Jul 2009 12:36:07 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-14222 Lisa, as I mentioned a few comments earlier - you shouldn't feel guilty about the past. And like you mentioned if this was against your will I don't know what you could have done differently. Even if you did do something wrong (like we all do) the BIble says that when we ask God for forgiveness He is faithful to forgive us of all unrighteousness. What's done is done and if God has forgotten about it why should you be hanging on to it? As far as the settlement, it is a bit of a gray area. No it isn't as good as paying your balance in full, but it is a lot better than not paying it at all. Technically, the lender is saying that they are forgiving a portion of your debt - but they are generally "pushed" into this because they think it may be their best option for getting paid at all. I think you should pray to see what the Lord is leading you to do. But I will just throw this out there - if it were me and the financial situation was bad enough I would consider taking the settlement. Now, if I did that I would keep track of how much I owe each of the creditors and after my financial situation improved, I would still go back to those lenders and repay them what I owed them - preferably with interest. Even if it was 5 years later - imagine what kind of witness that would be to those lenders. Either way, in the meantime, I encourage you to go to the library and borrow Dave Ramsey's TOtal Money Makeover - it truly is a lifechanging book and I think it would be very helpful for you and your husband... Lisa,
as I mentioned a few comments earlier – you shouldn’t feel guilty about the past. And like you mentioned if this was against your will I don’t know what you could have done differently. Even if you did do something wrong (like we all do) the BIble says that when we ask God for forgiveness He is faithful to forgive us of all unrighteousness. What’s done is done and if God has forgotten about it why should you be hanging on to it?

As far as the settlement, it is a bit of a gray area. No it isn’t as good as paying your balance in full, but it is a lot better than not paying it at all. Technically, the lender is saying that they are forgiving a portion of your debt – but they are generally “pushed” into this because they think it may be their best option for getting paid at all. I think you should pray to see what the Lord is leading you to do. But I will just throw this out there – if it were me and the financial situation was bad enough I would consider taking the settlement. Now, if I did that I would keep track of how much I owe each of the creditors and after my financial situation improved, I would still go back to those lenders and repay them what I owed them – preferably with interest. Even if it was 5 years later – imagine what kind of witness that would be to those lenders.

Either way, in the meantime, I encourage you to go to the library and borrow Dave Ramsey’s TOtal Money Makeover – it truly is a lifechanging book and I think it would be very helpful for you and your husband…

]]> By: Lisa T. http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-14206 Lisa T. Wed, 29 Jul 2009 22:44:30 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-14206 Hi Bob, I was reading the posts on this site and am wondering about the Lord's feelings toward our situation. Four years ago my husband's lawn care business failed due to a prolonged drought and it was a long time before he could find another job. We had debt that we could not pay on-credit and one loan. My husband was convinced by friends that bankruptcy was his only option. I felt that this was immoral and refused to discuss it. In the end he filed behind my back and nearly lost our house. The majority of our debt was shifted from his name to mine and we were in worse shape than before. Since then we have paid everything we could and I still hope that in the future we can repay those debts that were cancelled. We still have one persistent credit debt that we cannot get anywhere with since the debt collectors have hit us with such high interest. We have paid monthly for about four years and at the rate we are going it could take us up to 17 years to repay. We have a chance to refinance our mortgage and add that debt to the house which was our plan. Now the mortgage co. and the collection agency have made a deal between themselves to settle the debt at a lower amount. Is this wrong too? The bankruptcy was horrible and it took much healing in our marriage to overcome this. I still feel the guilt of making this mistake although I didn't want it done. I have also repented of not supporting my husband although I knew he was wrong. I am so afraid of offending the Lord once again by settling on this debt and not paying back every penny. Things are still very tight for us and we don't know what else to do. Do you have any advice? Lisa T. Hi Bob,
I was reading the posts on this site and am wondering about the Lord’s feelings toward our situation. Four years ago my husband’s lawn care business failed due to a prolonged drought and it was a long time before he could find another job. We had debt that we could not pay on-credit and one loan. My husband was convinced by friends that bankruptcy was his only option. I felt that this was immoral and refused to discuss it. In the end he filed behind my back and nearly lost our house. The majority of our debt was shifted from his name to mine and we were in worse shape than before. Since then we have paid everything we could and I still hope that in the future we can repay those debts that were cancelled. We still have one persistent credit debt that we cannot get anywhere with since the debt collectors have hit us with such high interest. We have paid monthly for about four years and at the rate we are going it could take us up to 17 years to repay. We have a chance to refinance our mortgage and add that debt to the house which was our plan. Now the mortgage co. and the collection agency have made a deal between themselves to settle the debt at a lower amount. Is this wrong too? The bankruptcy was horrible and it took much healing in our marriage to overcome this. I still feel the guilt of making this mistake although I didn’t want it done. I have also repented of not supporting my husband although I knew he was wrong. I am so afraid of offending the Lord once again by settling on this debt and not paying back every penny. Things are still very tight for us and we don’t know what else to do. Do you have any advice?
Lisa T.

]]> By: marcus s. http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-14110 marcus s. Sat, 25 Jul 2009 02:32:59 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-14110 OOOPsss forgive me, i misspelled exercise....should be exercising...sorry! OOOPsss forgive me, i misspelled exercise….should be exercising…sorry!

]]> By: marcus s. http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-14109 marcus s. Sat, 25 Jul 2009 02:30:09 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-14109 Let us not forget...that those same lenders also have the right to file bankruptcy and as we see today, they too are exersizing their right to file..the forgiveness of the lender is given when they are notified that one has filed bankruptcy then they no longer persue any legal avenue against you as a matter of fact they charge off the debt... Let us not forget…that those same lenders also have the right to file bankruptcy and as we see today, they too are exersizing their right to file..the forgiveness of the lender is given when they are notified that one has filed bankruptcy then they no longer persue any legal avenue against you as a matter of fact they charge off the debt…

]]> By: bob http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-12052 bob Wed, 29 Apr 2009 19:31:20 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-12052 Jan, I am sorry to hear about your situation, but glad to hear that you are moving forward in your walk with God. You don't need to feel guilty in any way at all - what's done is done, just keep moving forward and continue growing in your knowledge of God and His principles... Romans 8:1 - "Therefore there is now no condemnation for those who are in Christ Jesus." Jan,
I am sorry to hear about your situation, but glad to hear that you are moving forward in your walk with God. You don’t need to feel guilty in any way at all – what’s done is done, just keep moving forward and continue growing in your knowledge of God and His principles…

Romans 8:1 – “Therefore there is now no condemnation for those who are in Christ Jesus.”

]]> By: jan http://www.christianpf.com/bankruptcy-and-the-bible/comment-page-1/#comment-12047 jan Wed, 29 Apr 2009 17:17:56 +0000 http://www.christianpf.com/bankruptcy-and-the-bible/#comment-12047 i am an ex dancer.during my dancing days i accumulated a lot of debt and a 640.00 a month car payment.i did it fir like 4-5 years.i had a live in boyfriend who didnt care what i did.then this past year and a half,i met someone new.once i met him my desire to dance completely left me. i left my old boyfriend.i moved back with my mom.i still danced.but i didnt want to.i knew God was teling me to get out.i was having bad dreams.so knowing i couldnt get a job making what i had made i knew i was going to have to go bankrupt.this past march i quit and i filed bankruptcy last week(ch 7)i have a new parttime job and am being supported by my new bfriend.now i know bankrruptcy isnt good but i wanted to take a step of faith and stop dancing.i wanted a fresh new start.i dont have anything to my name so the money i did make i spent it all.God didnt want me to have any $ from that job and i got into debt because of that job.so im looking at a new start where i tithe every week.Will God honor my decision to go bankrupt?i made poor chioces in my life.like many of us do.i am 31.thank you i am an ex dancer.during my dancing days i accumulated a lot of debt and a 640.00 a month car payment.i did it fir like 4-5 years.i had a live in boyfriend who didnt care what i did.then this past year and a half,i met someone new.once i met him my desire to dance completely left me.
i left my old boyfriend.i moved back with my mom.i still danced.but i didnt want to.i knew God was teling me to get out.i was having bad dreams.so knowing i couldnt get a job making what i had made i knew i was going to have to go bankrupt.this past march i quit and i filed bankruptcy last week(ch 7)i have a new parttime job and am being supported by my new bfriend.now i know bankrruptcy isnt good but i wanted to take a step of faith and stop dancing.i wanted a fresh new start.i dont have anything to my name so the money i did make i spent it all.God didnt want me to have any $ from that job and i got into debt because of that job.so im looking at a new start where i tithe every week.Will God honor my decision to go bankrupt?i made poor chioces in my life.like many of us do.i am 31.thank you

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