Sunday, August 24, 2008

Halocho #154 - Loans after Shmita

We already learned in Halocho# 107 that lending money to a Jew, and paying back a loan are both Mitzvot. This year (5768 - ending on Rosh Hashana) is a Shmita year. During Shmita there's a Mitzva to suspend all land-related work. This week's Parsha - Re'eh - teaches us that when Shmita ends, so does the ability to request payment of certain loans. This does not apply to:

  • Loans that were given against collateral.
  • Loans that are only due after Shmita (until after the following Shmita).
  • Loans that were handed over to a Bet Din (Jewish court of law), so that Bet Din become the collection agency.
  • Credit extended by a shopkeeper or rent due to a landlord, until they declare it an outstanding debt.
Source: Kitzur Shulchan Aruch 180:1, 3, 8, 9, 13 More about this tomorrow, - Danny Sunday, 23 Av 5768
Please daven for ESTHER DEVORA bat MINDEL RUTH - אסתר דבורה בת מינדל רות

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