definiens: means ( a ) the filing of an application by a Member for, or a consent to, the appointment of a trusteeof such Member ’s assets ; ( b ) the filing by a Member of a voluntary petition in bankruptcy or the filing of a pleading inany court of record admitting in writing such Member ’s inability to pay its debts as they come due ; ( c ) the making by aMember of a general assignment for the benefit of such Member ’s creditors ; ( d ) the filing by a Member of an answeradmitting the material allegations of, or such Member ’s consenting to, or defaulting in answering a bankruptcy petitionfiled against such Member in any bankruptcy proceeding ; or ( e ) the expiration of sixty ( 60 ) days following the entry ofan order, judgment or decree by any court of competent jurisdiction adjudicating such Member a bankrupt orappointing a trustee of such Member ’s assets