At the end of every seven years you must cancel debts. This is the manner of remission: Every creditor shall cancel what he has loaned to his neighbor. He is not to collect anything from his neighbor or brother, because the LORD’s time of release has been proclaimed. You may collect something from a foreigner, but you must forgive whatever your brother owes you. There will be no poor among you, however, because the LORD will surely bless you in the land that the LORD your God is giving you to possess as an inheritance, if only you obey the LORD your God and are careful to follow all these commandments I am giving you today. . . .

At the end of every seven years you must cancel debts. This is the manner of remission: Every creditor shall cancel what he has loaned to his neighbor. He is not to collect anything from his neighbor or brother, because the LORD’s time of release has been proclaimed.