Debt Forgiveness Quotes

The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

If any one owe a debt for a loan, and a storm prostrates the grain, or the harvest fail, or the grain does not grow for lack of water; in that year he need not give his creditor any grain, he washes his debt-tablet in water and pays no rent for this year.

We are pretty tough in saying for example if you've got unsecured debts and less than £25,000 that should not be an excuse for repossessing someone's home.That should not be allowed.You have got to help manage people through this process. I don't want to pretend that it is going to be easy getting out of Gordon Brown's hole.

This fiftieth year is sacred—it is a time of freedom and of celebration when everyone will receive back their original property, and slaves will return home to their families.

The Bible says forgive your debtors; the world says "sue them for their dough."

You owe the companies nothing. You especially don't owe them any courtesy. They have re-arranged the world to put themselves in front of you. They never asked for your permission, don't even start asking for theirs.

Debt is to man what the serpent is to the bird; its eye fascinates, its breath poisons, its coil crushes sinew and bone, its jaw is the pitiless grave.

I favor a system where students in publicly funded institutions make a commitment: if they do well in the private sector, they will revert a certain percentage of their income to the education sector; and if they devote some years to public service, their debt will be forgiven.

God took the record of all your sins-all your sexual failures-that made you a debtor to wrath, and instead of holding them up in front of your face and using them as the warrant to send you to hell, he put them in the palm of his Son’s hand and nailed them to the cross.

One of the things that Africa needs, everybody seems to agree, is some measure of debt relief.

These subsidies from four European governments, which include aircraft launch assistance, capital injections, debt forgiveness, have enabled Airbus to develop and range market airliners well below cost.

Someone has to pick up the tab when people get out of repaying their own debts.

Waiving debts corrupts the credit culture.

The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves.

The model for our early bankruptcy laws was Deuteronomy, the idea that, under certain circumstances - in Deuteronomy, it is simply the passage of seven years' time - people are released from debt, simply because they are released from debt. No more debt. You start over again. This has been a very powerful model in this country. It's being destroyed now. People talk about how much new employment, new wealth, and so on are continuously generated in this country.

Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.

Let us, above all, be clear that, without a convincing program of debt relief to start the new millennium, our objective of halving world poverty by 2015 will be only a pipe dream.

In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break.

We call for cancelling student debt, for bailing out young people like Wall Street was bailed out to the tune of $16 trillion.

Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans is not a good debtor.

God reminds us again and again that things between He and us are forever fixed. They are the rendezvous points where God declares to us concretely that the debt has been paid, the ledger put away, and that everything we need, in Christ we already possess. This re-convincing produces humility, because we realize that our needs are fulfilled. We don’t have to worry about ourselves anymore. This in turn frees us to stop looking out for what we think we need and liberates us to love our neighbor by looking out for what they need.

The creditor whose appearance gladdens the heart of a debtor may hold his head in sunbeams and his foot on storms.

Today the logic goes something like this: 'Calling a ruler Son of God is out of style. No one really does that nowadays. We can support a president while also worshiping Jesus as the Son of God.' But how is this possible? For one says that we must love our enemies, and the other says we must kill them; one promotes the economics of competition, while the other admonishes the forgiveness of debts. To which do we pledge allegiance?

Let him who desires to be harsh in making demands upon his debtors consider that he is God’s debtor.

The build-up of personal and collective debt in America and Europe should have sent warning signals to anyone familiar with the biblical institutions of the Sabbatical and Jubilee years, created specifically because of the danger of people being trapped by debt.