Halacha:

Shemittah 

Collections: Rabbi Weinberger: Forgiving Debt During The Shmitah Year

Description

Please refer to the first shiur in this series for the source text. The Sefer Mishnas Yoseph on the topic of who cancels the debt. The malveh (creditor) has the responsibility to act while the debt is still owed to him. Acting before the Afkatah D'Malkah (Removal of the debt by Royal (Hashem's) decree). According to the view that it's up to the person, what exactly happens? A chiddush (novel interpretation): even after the creditor renounces the debt, the debtor still owes the funds. Setting aside - for now - as opposed to forgiveness.