Bible Verse

having canceled the charge of our legal indebtedness, which stood against us and condemned us; he has taken it away, nailing it to the cross.

Colossians 2:14

At the end of every seven years you must cancel debts.

Deuteronomy 15:1

This is how it is to be done: Every creditor shall cancel any loan they have made to a fellow Israelite. They shall not require payment from anyone among their own people, because the Lord`s time for canceling debts has been proclaimed.

Deuteronomy 15:2

You may require payment from a foreigner, but you must cancel any debt your fellow Israelite owes you.