Published On: June 23, 2014

Forgive Us Our Debts as We Forgive Our Debtors: Bankruptcy and the Bible

Root of all Evil: Credit has Taken the Place of Money

root of all evilDalton Camp proclaimed many years ago that, “having lost its value, money many no longer be the root of all evil; credit having taken its place.”  This statement demonstrates the paradox of modern day religion and debt —  should our reaction be one of condemnation or one of compassion.  Since many recent respected studies have show that the average American family is only three weeks away from personal bankruptcy, and new legislation that will deny bankruptcy relief to hundreds of thousands of American families is now the law (BAPCPA – passed in 2005), it is time to revisit what the Bible teaches us about debt.

Article from Mosteller, Stulberg, Whitfield & Allen

Most of us have lost all compassion for those in need. We read the bible, we listen to our preachers and teachers preach the value of giving to others, but do we really care?

Think about the information you are giving this stranger: all your financial information, your children’s names, bank accounts and your social security number. You do this without the slightest guarantee that the information will be kept safe.

Most of us have lost all compassion for those in need.  We read the bible, we listen to our preachers and teachers preach the value of giving to others, but do we really care?  Do we actually take someroot of all evil of our valuable time to give to those who cannot give to themselves?  Only you can answer that question.  It is my hope that you realize that but for a few paychecks someone close to you is on the street looking for a handout for your next meal.

Check cashing, title loan and pay day loan companies and some banks have taken the place of the money changers referenced in John 2:14 “poured out the changers of money and overthrew the tables”.

Learning to use money is the most important skill anyone can learn.  Are we teaching our children how to use credit?  Most of our schools do not even mention credit or how to use money.  I find that many parents do not know how to use money, therefore are not able to pass that skill on to their children.  Whatever our children learn will be passed down to the next generation, and so forth.  Consider checking out Feed The Pig.   This is a great resource with wonderful tips.[/av_textblock] [av_hr class=’custom’ height=’50’ shadow=’no-shadow’ position=’center’ custom_border=’av-border-thin’ custom_width=’85%’ custom_border_color=’#003d00′ custom_margin_top=’0px’ custom_margin_bottom=’0px’ icon_select=’no’ custom_icon_color=” icon=’ue837′ font=’entypo-fontello’ av_uid=’av-552jm1′ custom_class=” admin_preview_bg=”]

Other articles about bankruptcy, history and religion


I may be naive, but I really believe that the great majority of us are: compassionate, sincere, giving, self-less (to a limit), committed to making the world better for those who come after us and all other characteristics that make us “good” people.  Why is that we spend 80 percent of our time protecting us and those around us from the small minority who lack all of the emotions that make up  “good” people?  Is it upraising, chemical, trauma or just plain evil?  I don’t know the answer to this ageless question.  What I do know is that if enough of us believe in being “good” then we will make a difference.  I am  not talking about the “turn the other cheek” philosophy.  Those who know me know I am a fighter for those who have been wronged by others.  I am a teacher for those who want or need the knowledge.  I am a mentor for those who want to learn what I have to share (hopefully one or two might follow in my footsteps).  I have a short life here and want to leave this world better than I found it.

By |Published On: June 23rd, 2014|Last Updated: June 20th, 2022|

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About the Author: Diane Drain

Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.

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