Wednesday, September 12, 2007

Shana Tova! - Remember to do a Pruzbol!

As you all know by now (if you follow PoP) the Shmittah year is just about upon us. One of the laws of Shmittah is that loans are nullified. 2000 years ago Hillel saw that people stopped lending out money because they were afraid they would never get it back since the loans would be nullified. Hillel's solution to this problem was the Pruzbol. The Pruzbol is a legal document that gives the court, the beis din, the right to collect the money for you. There is a disagreement among the halachic authorities when this document must be completed. Most say by the end of the Shmittah year but some hold it must be completed today!

The picture above this post is one text published by the Council of Young Israel Rabbis in Israel in Hebrew.

The RCC publishes a Pruzbol in English here.

Here's another one.

Chabad actually has an Online Pruzbol form that they say to use as a last resort.

Shana Tova!


Anonymous josh said...

There is a machloket.

Many say that the prozbul is done before the end of the shmitta year.
Many say to do it before.

A chabad shaliach told me he does both for the safek.

7:57 PM  

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