Question 10 of 30. Edwin and Regine jointly own their home when Edwin defaults on a student loan. To determine if Edwin is insolvent, how will the home play into the calculation? The home is not considered since it is jointly owned, Edwin must use 100% of the home's value as an asset and 100% of its debt as a liability. Edwin must use 50% of the home's value as an asset and 50% of the home's debt as a liability Edwin may transfer ownership of the home solely to Regine after the cancellation to exclude it from his insolvency calculation