PRUZBUL Jewish law obligates every Jewish person to cancel, after the culmination of the shmittah year, various types of debt due to him or her. This does not apply to a debt owed to beis din. If a creditor executes a pruzbul, he or she is not obligated to cancel debts. A pruzbul may be executed at any time before the end of the shmittah year. However, since a pruzbul covers only debts already existing at the time of its execution, it is usually implemented at the very end of the year. This Rosh Hashana marks the end of the shmittah year. When a creditor arranges for the execution of the pruzbul form below before three men acting as a beis din, debts owed to him or her are transferred by the creditor to the beis din, so that the debts will continue to be in force after the end of the shmittah year, and the beis din then authorizes the creditor to collect on their behalf. Please see attached form