Debts Canceled

15 “At the end of every seven years you must cancel debts.(A) This is how to cancel debt: Every creditor[a] is to cancel what he has lent his neighbor. He is not to collect anything from his neighbor or brother, because the Lord’s release of debts 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 is certain to bless you in the land the Lord your God is giving you to possess as an inheritance(B) if only you obey the Lord your God and are careful to follow every one of these commands I am giving you today. When the Lord your God blesses you as He has promised you, you will lend to many nations but not borrow; you will rule over many nations, but they will not rule over you.

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Footnotes

  1. Deuteronomy 15:2 Lit owner of a loan of his hand

The Year for Canceling Debts(A)

15 At the end of every seven years you must cancel debts.(B) This is how it is to be done: Every creditor shall cancel any loan they have made to a fellow Israelite. They shall not require payment from anyone among their own people, because the Lord’s time for canceling debts has been proclaimed. You may require payment from a foreigner,(C) but you must cancel any debt your fellow Israelite owes you. However, there need be no poor people among you, for in the land the Lord your God is giving you to possess as your inheritance, he will richly bless(D) you, if only you fully obey the Lord your God and are careful to follow(E) all these commands I am giving you today. For the Lord your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.(F)

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