Final answer:
Trustee Georgia was created as a colony for debtors to start a new life by escaping poverty and becoming smallholding farmers.
Step-by-step explanation:
The colony that was created for debtors to start a new life was Trustee Georgia.
In 1730, the Trustees for the Establishment of the Colony of Georgia in America formed the colony to serve as a place for insolvent individuals to escape poverty and become smallholding farmers. Indentured servants who completed their term of service were also granted land grants.