Does The Bible Significantly Forbid Bankruptcy

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First, nowhere does the Bible explicitly forbid bankruptcy. The Bible does tell us “the wicked borrow and do not repay" in Psalm 37:21a (New International Version). The verse is clear that God expects us repay what we owe. Obviously, Carl is struggling with what he committed to repay. Ideally, he should talk to a Christian financial counselor and determine if there is a way to repay his loans without bankruptcy by changing his lifestyle, budgeting, and possibly negotiating with the companies he owes. If it is impossible, then his only option will be bankruptcy as he physically cannot pay his debt. As believers, going back on our word should be the last resort. If absolutely necessary he can file for Chapter 13 bankruptcy, allowing him to further
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