In Deuteronomy 15, we find the biblical reference and moral foundation for our modern bankruptcy laws. Deuteronomy provides for compassion and understanding to Release people from the suffering and bondage of debt and debt obligations. The 2005 Bankruptcy Reform Act, supported by those professing a moral purpose, is destructive of those ends (See Declaration of Independence). The new law extends the period of time that a debtor may file again from six to eight years. Deuteronomy provides for a Release every seven years... Jubilee. By setting the Release to standards set by Credit Issuers Congress has violated Deuteronomy. The 2005 Bankruptcy Reform Act binds the hands of the needy, beats the brow of the oppressed, reduces to wanting the suffering, the elderly, single mothers, the sick and the infirmed. How is it that the morally driven Congress passed the 2005 Bankruptcy Reform Act without debate, without argument, and without any opportunity for amendments intended to protect people over the strangle hold of the Credit Issuers? Because, they did so in furtherance of pursuing invariably the same Object (See Declaration of Independence) ... to satisfy the demands of the Credit Issuers who bought and paid over $350 million. These laws were passed in violation of Deuteronomy and quite possibly the spirit, if not the letter, of the Declaration of Independence. We the People of the United States (See United States Constitution), and not any one special interest group, must find the strength to protect and guide us away from those intent on harming our children, our lives, and our future.
Deuteronomy 15 provides:
15:1: At the end of [every] seven years thou shalt make a release.
15:2: 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.
15:3: Of a foreigner thou mayest exact [it again]: but [that] which is thine with thy brother thine hand shall release;
15:4: 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:
15:5: 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.
15:6: 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.
15:7: If there be among you a poor man of one of thy brethren within any of thy gates in thy land which the LORD thy God giveth thee, thou shalt not harden thine heart, nor shut thine hand from thy poor brother:
15:8: But thou shalt open thine hand wide unto him, and shalt surely lend him sufficient for his need, [in that] which he wanteth.
15:9: Beware that there be not a thought in thy wicked heart, saying, The seventh year, the year of release, is at hand; and thine eye be evil against thy poor brother, and thou givest him nought; and he cry unto the LORD against thee, and it be sin unto thee.
15:10: Thou shalt surely give him, and thine heart shall not be grieved when thou givest unto him: because that for this thing the LORD thy God shall bless thee in all thy works, and in all that thou puttest thine hand unto.
15:11: For the poor shall never cease out of the land: therefore I command thee, saying, Thou shalt open thine hand wide unto thy brother, to thy poor, and to thy needy, in thy land.
15:12: [And] if thy brother, an Hebrew man, or an Hebrew woman, be sold unto thee, and serve thee six years; then in the seventh year thou shalt let him go free from thee.
15:13: And when thou sendest him out free from thee, thou shalt not let him go away empty:
15:14: Thou shalt furnish him liberally out of thy flock, and out of thy floor, and out of thy winepress: [of that] wherewith the LORD thy God hath blessed thee thou shalt give unto him.
15:15: And thou shalt remember that thou wast a bondman in the land of Egypt, and the LORD thy God redeemed thee: therefore I command thee this thing to day.