I was once under the impression that “by canceling the record of debt that stood against us with its legal demands… nailing it to the cross,” Yeshua haMaschiach, the living Word of God canceled the holy Word of God. That was a terrible mistake! He is the Word of God; he didn’t come to destroy the law or the prophets! Yeshua said “think not” that he came “to destroy the law and the prophets” in Matt. 5:17, and what did I do? I thought it.
In Col 2:14-15, the “record of debt” is not the law. The record of debt in the Greek is chirographon (spelling or misspelling mine), which is explained in Thayer’s Lexicon as “handwriting.” Remember that sign above Yeshua on the cross naming his crime–that he is King of the Jews? That’s what was nailed to the cross that explained his death sentence. It’s the criminal’s condemnation. It’s not the Torah of God. The Torah of God is not against us. It’s not even burdensome, according to I John 5:3.
Food for thought. Don’t take my word for it. Many a better scholar has discussed this exact interpretive error.