Biblical Answer

Understanding Debt in the Bible

The Bible does not clearly outlaw any and all debt. In fact, the scriptural definition of debt is the inability to meet obligations agreed upon (Burkett, 1998). This definition highlights the importance of responsibility and accountability in financial matters. While it may be legal to declare bankruptcy to avoid obligations, it is not necessarily moral and can expose oneself to further financial difficulties.

God's Forgiveness and Debt

The Bible teaches that God's forgiveness is not based on our ability to repay debts, but rather on His mercy and love. In the parable of the unmerciful servant, Jesus emphasizes the free basis of God's forgiveness (Matthew 18:21-35). The servant's inability to repay his debt is not the focus, but rather the master's willingness to cancel the debt out of pity. This parable illustrates the principle of forgiveness and the importance of showing mercy and compassion towards others.

Finding a Way to Pay Off Medical Debt

In the context of medical debt, a reasonable payment plan can be negotiated, and sometimes payment is even drastically reduced. This approach to debt alleviation is in the spirit of the Jubilee year, where debts were forgiven and people were given a fresh start (Leviticus 25:8-55). It is essential to communicate with creditors and explore options for debt reduction or forgiveness. By doing so, one can find a way to pay off medical debt and start anew, just as God offers us a fresh start through His forgiveness and mercy. Ultimately, the key to managing debt is to prioritize responsibility, accountability, and compassion, both towards ourselves and others. By doing so, we can find a way to pay off medical debt and live a life that reflects God's values of love, mercy, and forgiveness.