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He was succeeded by his illegitimate son George Ferguson who, despite incurring severe debts, continued to develop the estate by adding a stable block, race course, an observation tower and other follies.
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One vulnerable example is Tanzania, a country that suffered a severe debt crisis in the 1990s.
Faced with a severe debt crisis, euro-zone leaders are planning to strengthen existing constraints.
The Money Advice Trust expects nearly 13 per cent of people who become unemployed to have "severe debt problems" this year.
It reckons 21 million UK people are struggling with bills, with 2.6 million living with a severe debt problem.
He was in such severe debt with the local heavies that he had been compelled to give up the entire back room to them and their pleasures.
Many hoped it would bring Brazil prosperity, but today their biggest energy company Petrobras is facing up to severe debt, scandal and the risks of deep water drilling.
Borrowers in severe debt difficulties are being charged thousands of pounds in interest by a company that has bought their loans.
He battled back to "a normal life" but discovered that there was very little help for similar people with severe debt problems and addictions.
"Or I would just be in such severe debt that I might not ever be able to get out of it".
Such bonds are not always disastrous, but Boston College's Centre for Retirement Research points out that most governments are already in severe debt when they issue them.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com