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Zev Sero wrote on 3/17/2023<br class="ContentPasted0">
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<div class="ContentPasted0">>Bankruptcy is not dishonest. It is a law that all modern governments</div>
<div class="ContentPasted0">>have made, for a very good purpose, ("letakanat hamedina" which is one</div>
<div class="ContentPasted0">>of the criteria the poskim use to determine what is a legitimate dina</div>
<div class="ContentPasted0">>demalchusa), and effectively abolishing it among Jews would tend to</div>
<div class="ContentPasted0">>undermine that purpose, so it's not necessarily a good standard even for</div>
<div class="ContentPasted0">>midas chassidus.</div>
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>From <a href="https://www.torahmusings.com/2019/11/bankruptcy-in-halacha/" id="LPlnk283025">
https://www.torahmusings.com/2019/11/bankruptcy-in-halacha/</a>
<h1 class="name post-title entry-title"><span class="ContentPasted9" style="font-size: 14pt;">Bankruptcy in Halacha</span></h1>
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<p><span class="ContentPasted6"><span class="ContentPasted7">The second element of American Bankruptcy is “fresh start,” which makes it unnecessary to make payments (“discharge”) beyond those prescribed by the bankruptcy court. Talmudic Halacha does not recognize
fresh start. If someone originally lacks funds but acquires them later, he must pay past debts using new assets.
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<p><span class="ContentPasted6">See the above URL for more.</span></p>
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<p><span class="ContentPasted6">This last paragraph is exactly what Rav Schwab told the man who now wanted to give a large donation to his yeshiva, namely, now that he has the money, he has to pay those to whom he owed money.</span></p>
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<p><span class="ContentPasted6">Professor Yitzchok Levine<br>
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