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Deuteronomy 15 v. 1-11 speaks of the year of jubilee. Specifically, verse 4 indicates that on the year of jubilee (every seven years), all creditors had to release their debtors for all debts owed to them and this debt is forgiven. It is not a coincidence that you are entitled to a Bankruptcy Chapter 7 Discharge (forgiveness) every eight years.

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