Tonight, September 12, 2007, marks the beginning of the Jewish new year of 5768. Unless you’re Jewish, this probably doesn’t mean a lot to you. But it is an important year, for 5768 is is a Shemitah (literally, “release,” but commonly known as the Sabbatical) year. Part of the observance of the Sabbatical year includes the forgiveness of debts.
Read the rest of my blog on the Sabbatical Year on the Bankruptcy Law Network. You can also read my article, The Bible and Bankruptcy, which talks about the Sabbatical Year and what the Bible says about credit and interest.