"on such debt" is correct and usable in written English.
You can use it to describe an obligation or responsibility related to a debt. For example, "The defendant was released on the condition of making regular payments on such debt."
Berger went on to warn against blaming parents struggling with debt to for making poor financial choices, and said "many of those with credit card debt, medical debt, and payday loans took on such debt because they lacked other financial alternatives".
(3) Any penalties and interest assessed on such debt.
The interest cost on such debt for prior fiscal years and the projected interest cost on such debt for the current fiscal year and for the next 5 fiscal years under such most recent current services baseline projection.
The applicability of the passive loss and nonbusiness interest limitations to interest on such debt, however, may be affected by other limitations on the deductibility of interest expense.
All debt is allocated among expenditures pursuant to the rules in this section, without regard to any limitations on the deductibility of interest expense on such debt.
Bonds backed by legislative appropriations are generally considered a weaker credit than general-obligation bonds, and defaulting on such debt is arguably less of a provocation.
Bank officials now say their losses on such debts will be bigger than they expected.
But in the last few months, losses on such debts have begun to accelerate as more Americans lost their jobs and homes.
It is unclear how much these companies can collect on such debts or whether they can hope to collect on the $100 million of fees WorldCom pays them every month to connect its customers to their networks.
With rents now capped, why take on such expensive debt to buy a home?
I won't appear on the statistics as I'd been saving for some years to study further (in my field of work) via distance learning, but now, not being a teenager, feel that taking on such a debt would be irresponsible, as it would take so many years to work off, and I'm not 100% sure that it would work out financially better than sticking at a slightly lower-paid job.
