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A dissolved company still has an obligation to pay taxes before closing. The company must then terminate its operations by settling debts, notifying any relevant parties (such as customers, suppliers, landlords, employees), and canceling licenses and permits. Finally, the dissolved company must notify creditors.

The debts of the company belong to the company. When a limited company is dissolved, it ceases to exist as a legal entity. This therefore means that in the vast majority of circumstances, any debt the company had at the time of bein struck off, dies with the company.

When a company is dissolved, it does not automatically write off its debts. Creditors still have the right to claim unpaid debts, and if the dissolution process is improperly managed, directors and shareholders may be personally liable.

Get a court order to restore a company You may be able to apply for a court order to restore a company if: you did business with them. you worked for them. they owed you money when they were dissolved.

While there isn't a specific government debt relief program solely for credit card debts, various options exist to manage and reduce your debt. These options, such as credit counseling and debt management programs, are available for different types of debts, including credit card debts.

Are there government credit card debt relief programs? Currently, there are no government-sponsored or government-backed programs that provide credit card debt relief to consumers. For example, unlike what you see with federal student loans, you cannot apply to have credit card debt forgiven without penalties.