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A person can be declared insolvent if his or her spouse is insolvent as well. he or she has more debts than assets. he or

A person can be declared insolvent if

		his or her spouse is insolvent as well.
		he or she has more debts than assets.
		he or she owes $1000 and is unable to pay.
		his or her monthly payments exceed $1000.

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