What does it mean that Christians are debt-free with God?

Being debt-free implies that believers in Christ are released from the penalty of sin due to His atoning sacrifice. As stated in the sermon, believers can rejoice because their sins have been forgiven, and their moral obligations to the law have been satisfied by Christ's obedience. This means that God no longer holds our sins against us, as He has promised to remember them no more (Hebrews 8:12). Therefore, believers live with freedom and assurance, knowing that their standing before God is secure through the righteousness of Christ, and they can serve Him joyfully without the fear of condemnation.