caa a22 4500 465817548 CHVBK 20180323112127.0 cr unu---uuuuu 170327e19901001xx s 000 0 eng 10.1007/BF00383276 doi (NATIONALLICENCE)springer-10.1007/BF00383276 Tamari Meir P. O. Box 58, Telshe Stone, Hills of Judea, Israel aut Ethical issues in bankruptcy: A Jewish perspective [Elektronische Daten] [Meir Tamari] The ethical issues involved in bankruptcy affect the debtor, the creditor and the society in which they operate. Facing the debtor is his responsibility to pay back the loans and credit extended to him while the creditor has to decide whether or not to press his legal rights, irrespective of the consequences to the debtor. Society will have to determine to what extent, if any, it is prepared or obligated to fund the rehabilitation of the debtor and those employees, whose employment is terminated as a result of the bankruptcy. These issues will be determined according to the value structure of the particular souly in which debtor and creditor operate. This paper views the issues in a Jewish perspective. Debtors are considered to always be liable for their debts and there is a moral shame attached to bankruptcy, except in those cases where it is caused by natural disasters. While creditors are taught and encouraged to voluntarily waive their rights, this is considered charity with all its negative overtones. The courts are obligated to review the debtors assets and sell them, if necessary, to meet the creditors loans, leaving only basic necessities for minimal living of the debtor and his family. Society however, including the creditor, a part of the group, are obligated to fund the rehabilitation of the debtor either through its interest-free loan, charity or the provision of alternative employment. These may be funded out of communal taxes. Kluwer Academic Publishers, 1990 Journal of Business Ethics Kluwer Academic Publishers 9/10(1990-10-01), 785-789 0167-4544 9:10<785 1990 9 10551 https://doi.org/10.1007/BF00383276 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00383276 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Tamari Meir P. O. Box 58, Telshe Stone, Hills of Judea, Israel aut NATIONALLICENCE 773 0- Journal of Business Ethics Kluwer Academic Publishers 9/10(1990-10-01), 785-789 0167-4544 9:10<785 1990 9 10551 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer