When it comes to describing the lack of possessions or financial means, the phrase "no assets" may not always accurately convey the situation. In some cases, it may be more appropriate to use synonyms such as "penniless," "destitute," "impoverished," or "bankrupt." These terms carry with them a stronger connotation of financial hardship or complete lack of resources. Additionally, words like "bereft," "devoid," and "barren" can be used to describe a situation where not only is there a lack of assets, but there is also a sense of emptiness or loss. By choosing the appropriate synonym, a more exact and nuanced picture can be painted of someone's financial situation.