The photographer has acknowledged a/his 'debt' to Andy Warhol. [=the photographer has said that his work was influenced by the photographs made by Andy Warhol]
banks with millions of dollars of 'bad debt' [=banks that have loaned millions of dollars that will not be repaid]
She's finally paid off her mortgage 'debt'. [=the money that she owed the bank to pay for her house]
(..) "My mother is dead, and everything is worse now." Or maybe she knew that he had frittered away all her inheritance, and replaced it with crippling debt, which is a pretty shitty thing to leave your widow with. "Bad news, you lost a husband, but don't worry, you also lost the house!" (..)2018 TvShow: BoJack Horseman Title: Free Churro Season: 5 Episode 6