Mayer and Newton clients may be interested to know that Congress named Chapter 7 after the seven-year debt forgiveness rule which can be found in the Old Testament of the Judeo-Christian Bible.
Version reads as follows: “At the end of every seven years thou Shalt make a release. And this is the manner of the release: Every creditor that lendeth ought unto his neighbor shall release it; he shall not exact it of his neighbor, or of his brother; because it is called the Lord’s release. (Deuteronomy 15-1, 2)
Biblical scholars agree that this passage was written about three thousand years ago. Meaning the idea of debt forgiveness has been around for a long time, and is an important part of Western culture.