go into hock
go into debt. We will have to go into hock to buy a house. I go further into hock every time I use my credit card.
in hock
in debt. After buying the luxury car, Bob was in hock for years.
out of hock
1. Lit. [of something] bought back from a pawn shop. When I get my watch out of hock, I will always be on time.
2. Fig. out of debt; having one's debts paid. When I pay off my credit cards, I'll be out of hock for the first time in years.