THE BAIS HAVAAD HALACHA JOURNAL: Volume 5776 Issue XXX Parshas Acharei Mos IS USING BANKRUPTCY TO ELIMINATE DEBT CONSIDERED ROBBERY? How does the Torah view bankruptcy? Adapted for print from audio shiur delivered by Rav Yitzchak Grossman Shlit”a
Dan walked into the kitchen, peering at his gold watch, the arms pointed at 2 minutes to 8, “Baruch Hashem, supper time” he thought. Esther was already in the kitchen and after taking one look at his face, she knew there was something unusual going on.
Esther asked, “Is everything alright?” the response was, “yeah, yeah, don’t worry.” After hearing those magic words, Esther realized there really was something amiss.
After a few minutes of prodding the issue was clear from Dan’s blunt statement, “Should I just stop fighting already? Should I just give in? I could just declare bankruptcy; the company is an entity by itself, not tied to any of our assets, they won’t be able to touch any of our properties, they won’t even take away the Lexus.
Dan walked into the kitchen, peering at his gold watch, the arms pointed at 2 minutes to 8, “Baruch Hashem, supper time” he thought. Esther was already in the kitchen and after taking one look at his face, she knew there was something unusual going on.
Esther asked, “Is everything alright?” the response was, “yeah, yeah, don’t worry.” After hearing those magic words, Esther realized there really was something amiss.
After a few minutes of prodding the issue was clear from Dan’s blunt statement, “Should I just stop fighting already? Should I just give in? I could just declare bankruptcy; the company is an entity by itself, not tied to any of our assets, they won’t be able to touch any of our properties, they won’t even take away the Lexus.
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