KRS 378A.020: Insolvency.

(1) A debtor is insolvent if, at a fair valuation, the sum of the debtor's debts is greater

than the sum of the debtor's assets.

(2) A debtor that is generally not paying the debtor's debts as they become due other

than as a result of a bona fide dispute is pr esumed to be insolvent. The presumption

imposes on the party against which the presumption is directed the burden of

proving that the nonexistence of insolvency is more probable than its existence.

(3) Assets under this section do not include property that has been transferred,

concealed, or removed with intent to hinder, delay, or defraud creditors or that has

been transferred in a manner making the transfer voidable under this chapter.

(4) Debts under this section do not include an obligation to the exten t it is secured by a

valid lien on property of the debtor not included as an asset.