A company isinsolventwhen

Multiple Choice

• 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.
• It is unable to pay debts within 90 days following the close of the company's reporting year, whether such year is a calendar or fiscal year.
• It is unable to timely remit payment on more than two-thirds of its outstanding obligations measured on a rolling three-month basis.
• It is unable to pay debts as the obligations come due.
• It is in default on one-third or more of its outstanding debt obligations.