"debt bondage"

means the involuntary status or condition that arises from a pledge by a person of—

(a)	his or her personal services; or

(b)	the personal services of another person under his or her control,

as security for a debt owed, or claimed to be owed, including any debt incurred or claimed to be incurred after the pledge is given, by that person if the—

(i)	debt owed or claimed to be owed, as reasonably assessed, is manifestly excessive;

(ii)	length and nature of those services are not respectively limited and defined; or

(iii)

value of those services as reasonably assessed is not applied towards the liquidation of the debt or purported debt;