Calr's Dilemma

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

1. Does the Bible forbid him to file bankruptcy?

2. Does the Bible forbid borrowing altogether? If not, when is it permissible to borrow money? Refer to the Assignment Instructions folder of the course for general directions. Use the words "Forbids" or "Does not Forbid" in the subject line of your discussion board post, depending upon your conclusion. Do not use attachments as these are cumbersome and inhibit the discussion process.

Your thread is to be submitted by 11:59 p.m. (ET) on Monday of Module 3. Post your first reply by 11:59 p.m. (ET) on Thursday and the second reply by 11:59 p.m. (ET) on Monday of Module 4.

Carl’s Financial Dilemma

I have a friend named Carl who has recently come to me for financial advice. Carl and his family have been living above their means for many years. They have achieved this by refinancing their home and rolling their credit card and other debt into their home mortgage. Recently, real estate prices have been falling, Carl can’t refinance anymore and is unable to pay his monthly bills as they come due. His creditors are starting to harass him and he is considering filing bankruptcy. Carl, like myself, is a Christian. He has come to me for advice from a Christian perspective. He specifically...