Debt to a Broker Regarding the Release of Debts
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Question
My father is an elderly man abroad, and it's difficult to explain to him that he needs to make a Prozbul. I manage his accounts, he has no debts to Jews, and the bank and pension company are definitely owned by non-Jews. However, he is a broker, and there are clients who have not yet paid him. Should I make an effort to explain to him to make a Prozbul?
Answer
Debts to a broker are not canceled, but some hold that they are considered like loans and are canceled. Try to explain to him that there is an issue of Prozbul and that he should simply appoint you as his agent, and you will arrange everything for him.
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