THERE are a number of insolvent people. Some of them have become so because of circumstances and the passage of difficult times. Others have become insolvent as a result of debts that were caused by the mad plunge into the stock market. A third group became insolvent because of taking loans from various sources to meet pressing needs such as marriage, building a house or settling a debt.
There are other insolvents who incurred losses as a result of their working in various business fields they were not good at or because they co-signed on loans for people who did not honor their commitments before disappearing altogether, leaving them into unpleasant confrontations with the creditors. There are also those who took loans and spent them on un-Islamic practices. They are not worthy of compassion by virtue of their deeds.
These debts have led some good people to prison and turned their lives to one of misery.
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