QUESTION 2 What is defined as a condition in which a company is unable to meet debts as the debts mature? Liability Deficit Insolvency Credit squeeze QUESTION 4 When a debtor files a petition socking judicial protection from the Bankruptcy Court, what kind or kinds of petition does the debtor file? 1. Voluntary II. Involuntary I only II only Either I or II Neither I nor II Either I or II I only Neither I nor II ll only