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The phrase "a debt" is correct and usable in written English.
It can be used when referring to an amount of money that is owed or due to someone.
Example: "He struggled to pay off a debt that had been accumulating for years."
Alternatives: "an obligation" or "a liability."
Exact(58)
WHEN is a debt not a debt?
"A debt crisis is coming.
Greece has a debt crisis.
Here a debt, there a debt, everywhere a debt-debt.
The Confederacy owes you a debt".
Or it could imply a debt restructuring.
We don't have a debt crisis.
IS PARAGUAY heading for a debt default?
Not repay a debt?
Switzerland introduced a debt brake in 2001.
We've got a debt crisis coming".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com