Discuss below in a 300 words"
Thread
Read the case study presented in the DB forum and consider the questions at the end. Research sources in support of your answers; a minimum number of sources is not required, but they should be scholarly and can include the Bible. Then, compose a post in APA format which addresses those questions and incorporates your research. Be sure to include a works cited list at the end of your composition (this list is not included in word-count requirements). The purpose of this research criterion is to encourage you to contribute academic content to the course; therefore, failure to do so will result in a substantial deduction to your grade. First person voice is allowed, but your writing otherwise should be as professional as possible: it should be free of spelling, punctuation, and grammar errors.
Case Study: Your long-time friend Carl comes to you with a serious problem in his life. He is a believer, and he wants your advice. For years he and his family have lived above their means. They did this by continually refinancing their house and rolling their credit card and other debt onto their home mortgage. However, now that real estate prices are no longer rising but actually falling, Carl can't refinance anymore and can't pay his monthly bills as they come due. He is in a real credit crisis. His creditors are calling him threatening lawsuits, garnishments, and other unpleasant things. One of his friends at work said that he should file bankruptcy. He comes to you for advice from a Christian perspective. In particular, he wants to know:
1. Does the Bible forbid him to file bankruptcy?
2. Does the Bible forbid borrowing altogether? If not, when is it permissible to borrow money?. Use the words "Forbids" or "Does not Forbid" in the subject line of your discussion board post, depending upon your conclusion.