Legal analysis: As for the debt after the cancellation of the company, according to the provisions of the Company Law of People's Republic of China (PRC), as long as the company cancels its registration, it will be terminated and its legal qualification will be eliminated. In other words, as long as the company cancels its registration, the company will cease to exist and no one can claim rights from it. For creditors, once a non-debtor company is cancelled, its creditor's rights cannot be guaranteed. Under certain circumstances, creditors can claim compensation from the shareholders of the cancelled company according to law and safeguard their legitimate rights and interests.
Legal basis: Article 22 of the Company Law of People's Republic of China (PRC). When the company's assets are insufficient to pay off its debts, if the creditors claim that the outstanding shareholders and other shareholders or promoters at the time of the company's establishment are jointly and severally liable for the company's debts, the people's court shall support them according to law.