A husband and wife who continued “living high on the hog” despite owing more than half a million dollars don’t deserve to walk away from their debts, a federal appeals court has held.The 7th U.S. Circuit Court of Appeals declined to revive the petition that Michael D. and Aseneta Schwartz filed under Chapter 7 of the U.S. Bankruptcy Code.The Burr Ridge couple sought to discharge their debts after an arbitrator ordered Michael Schwartz to pay $568,568 to his former employer, Barclays Capital Inc.But U.S …