Legal analysis: The debt can only be paid off according to law with the intervention of the liquidation organization. The bankruptcy liquidation procedure is as follows: After the people's court decides to declare the bankruptcy liquidation procedure, it shall notify the debtor and known creditors within ten days and make an announcement. Creditors shall, within 30 days after receiving the notice, and creditors who have not received the notice shall declare their claims to the people's court within three months from the date of announcement. Failing to declare the creditor's rights within the time limit shall be regarded as giving up the creditor's rights.
Legal basis: Article 3 of People's Republic of China (PRC) Company Law is an enterprise legal person with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.