New answers tagged tzedakah-charity
According to the Gemara (Makkos 4b IIRC), the only loans which are forgiven are those that are past due. So the person may pay on time (or before Shmittah kicks in)- if he does, I get the whole loan back.
Rabbi Yitzchak Breitowitz discussed this in a tzedaka lecture; it's considered giving to charity, but at 90% the rate. If my legal work goes for $100/hr, and I did an extra hour of work, I'd make $100 of which I'd keep $90 and give $10 to tzedaka. So if instead I donate an hour of my legal work to charity, it's only $90 I'd be seeing in my wallet, hence if ...
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