Reiko Notices New Luxury Watches in a Jewelry Store Window

Reiko notices new luxury watches in a jewelry store window and decides to buy one. She enters the store and purchases a watch with her credit card. A few weeks later her credit card bill arrives, with a substantial balance owing. Because she is a careful consumer, the credit card balance is Reiko's only debt, but unfortunately she does not have sufficient funds to pay it. Reiko

A) is an insolvent person.
B) is bankrupt if she owes at least $1000.
C) is a bankrupt.
D) is the subject of a proposal.
E) has commited an act of bankruptcy and so must become bankrupt.