Rav Dovid Grossman
Answer: As we mentioned in the previous segment, there is an issur of lo sihiyeh lo k'noshe, prohibiting a lender from attempting to coerce and pressure the borrower to repay if the borrower does not currently have funds available for repayment. However, the borrower certainly still has an obligation to repay the debt.
Question: Is the borrower obligated to use his assets (such as if he has a credit line on his home) to repay the money?
Answer: The halacha is that one in debt is not obligated to borrow funds to repay the lender. In addition, he is not required to sell important household items, such as critical work utensils or his bed etc., based on the halacha of mesadrin l'ba'al chov, which we discussed last time. Nevertheless, according to halacha one would in fact be required to sell his other assets to repay the loan. This would include selling his home as well (if it has equity) and renting another house instead.
Although the halacha technically does not require borrowing for this purpose, many people prefer to take a credit line on the house or take out another loan in order not to be obligated to sell their assets.
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