Exploring what scripture says about finances, debt, & bankruptcy

About This Site

“The Spirit of the Lord is upon me, because he has anointed me to proclaim good news to the poor.

He has sent me to proclaim liberty to the captives and recovering of sight to the blind,

to set at liberty those who are oppressed,

to proclaim the year of the Lord’s favor.

Luke 4:18-19 ESV (Emphasis added)

Is there hope?

Are you poor and in debt? Have you been humbled by difficult and seemingly hopeless circumstances? Are you enslaved to debt and your creditors? Are you being oppressed and harassed by your creditors? Do you need some good news to brighten your dreary days and overcome the bad news in your life? Do you feel discouraged, weary, faint-hearted, frightened, overwhelmed, confused, beat up, enslaved, oppressed, threatened or harassed? Do you need and want freedom from your financial struggles and bondages? In the verses above Jesus was quoting from Isaiah 61:1-2, and stating that Isaiah’s prophecy was being fulfilled in Him. He came to bring good news to the poor and liberty to the oppressed—to people like you and me!  How did He do it? I hope to answer that question!

You are not alone.

In fact, you are in good company. Many other important people have struggled with debt and filed bankruptcy, such as:

  • Abraham Lincoln
  • Samuel L. Clemens (“Mark Twain”)
  • P.T. Barnum
  • Francis Ford Coppola
  • Walt Disney
  • Henry Ford
  • Charles Goodyear
  • Ulysses S. Grant
  • William McKinley
  • Donald Trump
  • Johnny Unitas

I want to do what is right.

In my profession as a legal counselor I meet with numerous people who experience severe financial struggles accompanied by fear, stress, confusion and guilt. I have struggled with many of the same things so I can identify with those of you who are now experiencing those circumstances and emotions. Most of us wrestle within ourselves about the “right” thing to do in order to alleviate our financial problems. We have been taught and we know that it is right to pay back what we have borrowed, and to keep our promises, especially to our creditors. We have heard that the “wicked” borrow and do not repay. So we initially face our financial struggles with a determination to keep our promises and pay back what we owe. But what do we do when repaying our creditors becomes a hopeless proposition, when debt increases at a pace we cannot keep up with, when all of our strength and resources are depleted?

When all else fails

When we have exhausted all other reasonable remedies to overcome our financial struggles, should we ever consider bankruptcy as an option? Should Christians file bankruptcy, or are they under obligation in all circumstances to keep their promises to creditors? As Christians seeking to please God, we must discern God’s will regarding certain courses of action. Does the Bible have anything to say about bankruptcy? What does God think about bankruptcy? The hope and purpose of this website is to answer these questions and many others; to discern what Scripture says about finances, debt, and bankruptcy.