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There are at least 3 bands called Debt: 1) Current Los Angeles based indie-rock group. http://debtlosangeles.bandcamp.com
2) Hardcore/sludge/grindcore band based in Dublin, Ireland that existed between 1996 and 2000. Released "The Pain of Constant Living" on Rejected in 2000. Members are now in sludge/hardcore band DRAINLAND in Ireland, and Garage rockers THE PINK FITS in Australia www.myspace.com/debtisdead