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E. Financial Status or Solvency

1. An individual will not be considered to be a Fit and Proper Person if such individual—
  a. is an undischarged bankrupt, currently subject to bankruptcy proceedings or a bankrupt who has recently been discharged;
  b. is subject to receivership or other similar proceedings; and
  c. has failed to meet any judgment debt, having regard to the circumstances of such failure and the recency of such failure.