Bankruptcy and the Upstanding Citizen - a podcast by American Pastors Network

Although the Bible does not use the word bankruptcy and speak directly to our current laws, it does give precedent in regard to forgiving debt in some circumstances. There are some principles that we can follow here though. We have a biblical and moral obligation to pay back debts that we have incurred? Why?
There is a Biblical principle that states, living on credit and not paying back what we owe is a characteristic of the wicked. Why would that be the case?

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