A company is insolvent when

A) It is unable to pay debts as the obligations come due.

B) It is more likely than not that it will not be able to pay debts within a reasonable period of time following the date such obligations become due.

C) It is unable to timely remit payment on more than two-thirds of its outstanding obligations measured on a rolling three-month basis.

D) It is unable to pay debts within 90 days following the close of the companys reporting year, whether such year is a calendar or fiscal year.

E) It is in default on one-third or more of its outstanding debt obligations.