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It is "effectively bankrupt".
Analysts say the country is effectively bankrupt.
In February 2018, the council declared itself effectively bankrupt.
Greece is effectively bankrupt and needs a steady hand to guide it.
Which, of course, they did; by the early 1930s, the country was effectively bankrupt.
Westley took over Farnborough in 1999 when they were effectively bankrupt.
San Estaban, the company which owns it, is under investigation and effectively bankrupt.
Similar(4)
In San Diego, pension abuse has effectively bankrupted the city.
That effectively bankrupted the Irish state and dumped the consequences on the taxpayer.
The family was awarded $7 million in damages in 1987, effectively bankrupting United Klans.
Ireland's bailout, while smaller, equaled more than three years of economic output and effectively bankrupted the economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com