How to deal with the debts owed by a one-person limited liability company after bankruptcy?
A limited liability company shall be liable to all creditors to the extent of its registered capital. According to the Company Law, the company and its shareholders, the company, its legal representative and other senior management personnel are all independent subjects in law, and the shareholders have fulfilled their obligations after contributing capital to the company. For the debts and bankruptcies of a limited company, shareholders or senior managers generally do not need to repay them personally, unless they provide guarantees for the debts of the company, or quit the company, transfer funds, evade debts, etc. In these special circumstances, they need to bear. Strictly speaking, under the guarantee, private property is needed to pay off debts, which is the guarantee responsibility, and the transfer of funds from the company only needs to return the company's money, which is originally the company rather than private property. In accordance with bankruptcy procedures, creditors shall be notified and announced to register their claims. If the proceeds from the disposal of the company's general property (non-collateral) are not enough to pay off all debts after deducting bankruptcy expenses, employees' wages, resettlement expenses and taxes, they will be compensated to the general creditors in proportion. After paying off the debts, the surplus shall be distributed by all shareholders according to the proportion of capital contribution or the articles of association. Unregistered creditor's rights shall not be paid off within 45 days from the date of announcement.