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Discover Ludwig"mounting debts" is a correct and usable phrase in written English.
You can use it to describe a situation in which someone's financial obligations are increasing, such as when they are taking on additional loans or accumulating late payments or interest. Example: After months of struggling to make ends meet, the family found themselves facing increasingly mounting debts.
Exact(55)
The partnerships masked Enron's mounting debts.
The game sold, but I had mounting debts.
Huge losses and mounting debts led to Mr Messier's resignation in 2002.
Those mounting debts would be ever-harder to pay off, terrifying global investors.
From then on his life was to be one of mounting debts and almost incessant toil.
There are faithful retainers, lavishly decorated apartments, mounting debts and endless creditors.
And other owners are worried about mounting debts and the prospect of bankruptcy.
The descriptions of his romantic affairs are less frequent than the lists of his mounting debts.
Faced with mounting debts, Nick gets involved in a fraudulent bond deal and is imprisoned for embezzlement.
IFS director Paul Johnson said the move had also limited the Treasury's scope for bringing Britain's mounting debts under control.
Similar(1)
Poor form aside, there are big - and mounting - debts because of huge wages and the looming impact of Financial Fair Play. .
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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