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The phrase "a heavy debt" is correct and usable in written English.
It can be used when referring to a significant amount of money that is owed or a substantial financial obligation.
Example: "After years of overspending, she found herself burdened with a heavy debt that she struggled to repay."
Alternatives: "a substantial debt" or "a significant debt".
Exact(60)
Adding to its woes was a heavy debt load.
Kingfisher has never made a profit and has a heavy debt load.
Jamaica suffers from low growth, declining productivity and a heavy debt burden (see chart).
But it also left the toy company with a heavy debt burden.
Dewey collapsed after disappointing profits and a heavy debt load forced it to slash partners' salaries.
Cordiant has struggled under a heavy debt load and shrinking business.
As a result it has built up a heavy debt burden of around $8 billion.
However, this has left me with a heavy debt to death.
And, as the film references, there's a heavy debt owed to Big.
On top of the partner departures, Dewey is struggling under the weight of a heavy debt load.
Moreover, Athens would still be working under a heavy debt load, keeping it under pressure to reform.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com