Is bankrutpcy an option for the Christian?

[LeBuick]

I heard a preacher say a few weeks back that bankruptcy was a viable option for the Christian. He used R.G. Letourneau as an example. He said that Letourneau filed for bankruptcy twice before he made his fortune. He ultimately gave millions to the cause of Christ.

Does the end justify the means?

Bankruptcy in and of itself is another means of survival. I would say this question has more to do with how you got in the situation.

If you ran up debt knowing you could use banktuptcy to dissolve it then yes that is wrong.

If you lost your job or has nother change in life where you couldn't maintain debt payment then I question the motive being wrong.

In some of the above examples it almost appears credit was a blessing and not a curse?????

 

[ReformedBaptist]

Bankruptcy is a fresh start for people written into the laws of the United States, so when wisely used, it is a viable option. I used to be totally against it until I saw some people get totally wiped out by illnesses or injuries. I have since changed my mind. Most people rail against personal bankruptcy (which usually involve thousands of dollars), yet say nothing of corperate bankruptcy ( which can involve millions or billions of dollars). Those companies that paid congress to tighten the laws on personal bankruptcy certainly protected their own right to coperate bankruptcy.

Well said. The point is: Bancruptcy protection is in and of itself not immoral. People may use it with immoral motives, the provisions of law are not immoral.