He then closed the Collegio Romano, on the plea of its insolvency, seized the houses at Frascati and Tivoli, and broke up the establishments in Bologna and the Legations.
The extensive building operations engaged in by the town council in the early part of the, 9th century resulted in the insolvency of the city in 1833.
Worst of all, the government was drifting rapidly towards insolvency, being quite unable to fulfil its obligations to the bondholders and meet the expenses of administration.
full-blown insolvency crisis.
Washington has a state board consisting of three members appointed by the governor to confer with commissioners from other states upon such matters as marriage and divorce, insolvency, descent and distribution of property, the execution and probate of wills, for the purpose of promoting uniformity of legislation respecting them.