His widow later reported to a court that, at his death, he was heavily in debt and virtually insolvent.

Some of the state-owned institutions were considered virtually insolvent five years ago, before the government began wiping debt off their books.

Government auditors have said the fund is virtually insolvent.

The insurance corporation manages the fund that protects bank deposits, which has been called virtually insolvent by Government auditors.

After two decades of experimenting with self-rule, the city is virtually insolvent.

By 1991, Activision was virtually insolvent.

Dozens of companies have collapsed, and several of the nation's banks are reported to be virtually insolvent.

But Mr. Bowsher has said the fund is "virtually insolvent" because of the likely number of bank failures.

Two decades into Washington's experiment in limited self-rule the city is virtually insolvent.

He said: 'It appears the company must have been virtually insolvent at that date.