Mortgaged to the Hilt

Mortgaged to the Hilt

A slang term describing someone with so much debt that he/she is unlikely to be able to repay it. Being mortgaged to the hilt may lead to bankruptcy.
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But with a struggling business and mortgaged to the hilt he feared financial disaster - and that his wife and children could lose their home in Bridgwater, Somerset, if he failed.
A recent analysis by Alexander and Jacobson ("Mortgaged to the Hilt," 2015) found that the proportion of Canadian households with debts greater than five times their annual disposable income increased from 3.4 percent in 1999 to 10.8 percent in 2012, although the caps inherent in the dataset used by the authors of this study mean that this is a conservative estimate of the actual increases.
Having lost the mine in a bet and his stately pile mortgaged to the hilt, he has taken to drink and petulance.
It is a time filled with war, realization that the family home in Cornwall is mortgaged to the hilt, and loss of friends.
The municipality already has around e1/46m in outstanding loans and any collateral is mortgaged to the hilt.
At the time, said the lawsuit, the company was basically insolvent, with no income, no money and a property that was over-appraised and already mortgaged to the hilt.
She has three houses but one is being repossessed and the others are "mortgaged to the hilt".
No tangible assets, as all have been stripped and the only remaining thing of value now mortgaged to the hilt, we have nothing left to pawn and we have hit financial meltdown.
But with the country's future mortgaged to the hilt, his children and grandchildren may not be that fortunate.