Does the company owe money to cancel the legal person?

Legal analysis: No, according to the provisions of the Company Law, a company undertakes debts with its assets. If the assets are insufficient to pay off the debts, except in special circumstances, the remaining debt companies need not bear it, and can cancel it after the liquidation of the company.

Legal basis: Article 188 of the Company Law of People's Republic of China (PRC). 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.