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The Law Offices of Mayer & Newton

East Tennessee Bankruptcy Law Firm

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The Law Offices of Mayer & Newton

East Tennessee Bankruptcy Law Firm

  • Knoxville
  • •
  • Morristown
  • •
  • Sevierville
Schedule Free Consultation

Bankruptcy Facts

Did you know that bankruptcy is mentioned in one of the oldest texts on earth? It is mentioned in the book of Deuteronomy from the Judeo-Christian Bible.

“At the end of every seven years thou shalt make a release.  And this is the manner of release: Every creditor that lendeth ought unto his neighbor shall release it; he shall not exact if of his neighbor, or of his brother; because it is called the Lord’s release.” Deuteronomy 15: 1-2

You might also be interested to know that Congress named Chapter 7 after the seven-year debt forgiveness rule contained in the above verse.

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