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A firm is technically insolvent: when it is unable to meet its financial obligations. starting with the day a bankruptcy petition is filed with the

A firm is technically insolvent:

when it is unable to meet its financial obligations.

starting with the day a bankruptcy petition is filed with the courts.

any time the book value of equity is negative.

whenever a firm ceases operations and causes investors to lose money.

when the market value of the firm's equity equals zero.

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