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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The house is mortgaged to the hilt and the cars are on leases.
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.
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.
Yet you're not mortgaged to the hilt like most of Middle England and, as a schoolboy and student, you lived a life of privilege at Eton and Oxford, where you were buddies with Boris Johnson and the rest of the posh crew.
Hospitals all over the country are mortgaged to the hilt and there are serious concerns that these repayments will lead to cuts in vital services.
Many new trainers start off with a dozen unremarkable horses, a yard mortgaged to the hilt and their neck firmly on the line.