His time at the magazine was instrumental in saving what was, when he took over, a financially insolvent publication.

In 1994 the club was declared financially insolvent and closed down, but were rescued by local businessmen in time for the 1994-95 season.

The term judgment proof is most commonly used in tort and contract law contexts to refer to defendants or potential defendants who are financially insolvent.

In the summer of 2009, the series became financially insolvent and all further publications were cancelled.

Coincidentally, Al Dunlap was sitting on a financially insolvent company he wanted to dump.

From a functional point of view, they're financially insolvent.

Moreover, provision had been made for any firm that might become financially insolvent; in this way, systemic risk was largely averted.

The military junta was financially insolvent before the arrival of massive green notes and green berets.

After losing a major sports video game license, Acclaim became financially insolvent and filed for Chapter 7 bankruptcy in 2005.

We had heard there was a possibility he was financially insolvent.