After liquidation, the company is insolvent. How to deal with the debt?

Legal analysis: If the assets of the company are insufficient to pay off all debts during liquidation, it can apply for bankruptcy liquidation. After the court declares the company bankrupt, the debts will be paid off first.

Legal basis: People's Republic of China (PRC) Company Law.

Article 187 If the liquidation group finds that the company's assets are insufficient to pay off debts after clearing up the company's assets and compiling the balance sheet and list of assets, it shall apply to the people's court for bankruptcy according to law. After the company is declared bankrupt by the people's court, the liquidation group shall hand over the liquidation affairs to the people's court.

Article 188 After the liquidation of the company, the liquidation group shall prepare a liquidation report, submit it to the shareholders' meeting, the shareholders' meeting or the people's court for confirmation, and submit it to the company registration authority to apply for cancellation of company registration and announce the termination of the company.