Debt Dispelled: A Path to Unrestricted Freedom
When a debt is fully repaid, all related obligations automatically cease – and this is not merely a legal norm, but a true symbol of transformation. Imagine a scenario where payments from the transaction’s security completely cover the debt. In such a case, the transaction radiates confidence: further obligations vanish, and the provided property is returned to its owner. However, the story does not end there. Another inspiring concept is that a debt may be forgiven by a higher authority, which in turn grants double freedom – freedom from further obligations and liberation from property forfeiture. This is not just a legal mechanism, but a symbol of supreme justice and care for people. Thus, the clarity and simplicity of the rules regarding release from obligations are striking: every time a debt is repaid or forgiven, the party involved in the transaction gains the opportunity to move forward without the burdens of past liabilities.
Can it be asserted that after a debt is repaid a person is free from further obligations towards others?After the complete repayment of a specific debt, the obligations related to that particular liability are terminated. That is, if a loan or collateral agreement was arranged as part of the transaction, then once everything designated for repaying the debt (for example, the fruits of the collateral or other property) fully compensates the debt, the transaction concludes and no further obligations arise under that contract. For instance, one excerpt clearly formulates this rule:"Fruits received from the collateral are credited towards the payment of the debt; and if they are sufficient to pay off the entire debt, the transaction is concluded and the collateral is returned" (source: link txt, page: 735).There is also mention of complete release from the obligation in the event that a debt is forgiven by a higher authority, which grants double freedom:"And the man, the king – the true man and true king – released him and forgave his debt. And thus, he granted him double freedom: freedom from sale and freedom from debt. Is this not a true royal gift?" (source: link txt).Thus, it can be asserted that once the debt is repaid under the terms of the contract (or in the case of its forgiveness), all further obligations arising from that debt cease. It is important to note that this rule specifically pertains to the individual obligation, not to any other interconnected contractual relationships.