In which of the following situations would a debtor be considered "insolvent," as that term is applied in the Bankruptcy and Insolvency Act.
A) The debtor has debts of more than $250 000.
B) The debtor's assets have a fair market value lower than its liabilities,and it owes more than $1000.
C) The debtor has committed a bankruptcy offence.
D) The debtor has no option other than to liquidate its assets in order to pay all of its debts.
Correct Answer:
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