Ninety percent of Indonesia's own corporations are technically bankrupt, and most of the money they owe is to foreign banks.
But since the F.S.L.I.C. itself is technically bankrupt, investors have been loath to take them, and that has restricted the pool of potential buyers.
While the loss reserve would render the fund technically bankrupt, it would not have an immediate effect on depositors.
Anything to deflect from the real state of the dollar and the technically bankrupt US of A.
The world economy was technically bankrupt.
From time to time they went technically bankrupt and were rescued by churches or local 'boards' using tax-payers funds.
Because the Government has frozen the general's accounts, he is technically bankrupt and unable to pay his legal costs.
We were technically bankrupt with no liquidity and huge debts.
Davis stepped in to buy power at highly unfavorable terms on the open market, since the California power companies were technically bankrupt and had no buying power.
Stock prices had fallen so deeply that several major financial institutions and multinational corporations were technically bankrupt at the point of suspension.