Illustrate the bible forbid borrowing overall

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Reference no: EM1310010

Q. Case Study: Your long-time friend Carl comes to you with a serious problem in his life. He is a believer; also he wants your advice. For years he also his family has lived above their means. They did this by continually refinancing their house also rolling their credit card also other debt onto their home mortgage. Elucidate however, now that real estate prices are no longer rising but actually falling, Carl can't refinance anymore also can't pay his monthly bills as they come due. He is in a real credit disaster. His creditors are calling him threatening lawsuits, garnishments, also other unpleasant things. One of his friends at work said that he should file insolvency. He comes to you for advice from a Christian perspective. In particular, he wants to know:

1. Illustrate the Bible forbid him to file insolvency?

2. Illustrate the Bible forbid borrowing overall? If it is not when is it permissible to borrow money?

Reference no: EM1310010

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