Bassanio is in debt because he lived a lifestyle he could not afford.T/F? add evidence

True:

Tis not unknown to you, Antonio, How much I have disabled mine estate, By something showing a more swelling port Than my faint means would grant continuance. Nor do I now make moan to be abridged From such a noble rate. But my chief care Is to come fairly off from the great debts Wherein my time something too prodigal Hath left me gaged.