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Bankruptcy
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, today, is a very common thing among companies and individuals alike. Sadly enough there were as many cases filed in federal courts, as there were all other cases. The American law allows people to avoid paying their debts, by offering the .... Middle of Term Paper
... the creditor, then every time the debtor acquires new assets, he pays the creditor until he no longer owes him anything.
According to Halacha there is a way for the debtor to be discharged. This is through “Yeush”. This term denotes that this is the point where a person no longer believes he will recover the object he has lost. In this case, the creditor loses hope of being paid back the money the debtor owes him. Therefore the debtor is free from his obligation to pay the creditor. According to some poskim, yeush does not discharge the debtor, unless the circumstances, such as where the debtors fields are ruined by a flood, the debt ... |
| Number of Words: 1447 |
Approximate Pages: 6 |
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