Chapter 180 – Cancellation of Debts in the Sabbatical Year
180.1) The cancellation of debts on the Sabbatical year is still valid.
180.2) The Sabbatical (seventh) year (shemitah) cancels every loan.
180.3) A loan made on the security of a pledge is not released.
180.4) The debt is canceled if a surety paid the lender before the borrower paid the surety.
180.5) If you take an oath concerning a monetary claim, it is canceled.
180.6) If a man owes money to another and denies it, it is taken to Court for a decision.
180.7) Even if a loan is made with the stipulation that the Sabbatical year will not cancel it, the loan is canceled.
180.8) If a debt lasting several years is due on the Sabbatical year, it is not canceled.
180.9) If a creditor delivers a note to the Court asking the Court to collect the debt, it is not canceled.
180.10) If you sell someone something on credit, the debt left is canceled.
180.11) You must pay wages.
180.12) Claims acquired from a non-Jew are not canceled.
180.13) Loans are canceled only at the end of the Sabbatical year.
180.14) If a borrower comes to pay after the Sabbatical year, you must tell him the debt is canceled.
180.15) A document known as prosbol exempts you from releasing debts on the Sabbatical year.
180.16) The prosbol is of no use unless the borrower owns some realty.