pay debts

See: liquidate
References in classic literature ?
I do not think this general insolvency, which involves in some sort all the population, to be the reason of the difficulty experienced at Christmas and New Year and other times, in bestowing gifts; since it is always so pleasant to be generous, though very vexatious to pay debts.
But why did the clerks at the bank let him have them--they ought to have known that you had all this money to pay, and people cannot well pay debts without money.
Pay debts with savings - debt interest is higher than savings returns.
It can free up cash to pay debts and make life more affordable by cutting bills.
A PERSONAL assistant helped herself to pounds 160,000 of company cash to pay debts.