The Christian Science Monitor recently published an article regarding the mixed messages debt burdened consumers face on the moral implications of filing for bankruptcy. Christian conservatives supported the bankruptcy reform legislation as a way to emphsize the need to pay back obligations incurred, citing Biblical references. As stated by Christian personal finance guru Mary Hunt, commenting upon the use of bankrptcy to erase debt, "Its absolutely legal, but it is not moral."

On the other side of the morality debate, many question the high interest rates (30% or more for some credit card for those in "default") and the marketing tactics of credit card issuers. Still others question how to keep up with ever rising costs of living, such as spiking oil prices at a time when wages are stagnant. Finally, some wonder about the morals of our society which does not provide affordable health insurance for all citizens. Is it only the wealthy who can afford to be "moral"?

While keeping up with your bills is an important goal, and worthy of personal sacrifices, it should not be considered "immoral" if you cannot do so. There are numerous instances in the Bible in which forgiveness of debt is seen as "moral" and "right". Consider the words in the Lord's prayer, repeated in every Christian church service. Bankruptcy is a tool to use to erase debt that you cannot pay, allowing you to focus your future on your famiy instead of years of financial servitude to credit card companies.