Corporate Law Dissolving a Corp w/ liabilities

[Rar0611]

My company is located in WI. I have 100% ownership in this S-Corp. Due to the current market, I will have to close doors. I have not had any income for quite awhile; therefore, I will be dissolving my company. I am inquring how this will affect the companies outstanding liabilities? Specifically; I have a previous employee I have been making monthly payment to for past wages. Does the dissolving of the company clear all outstanding liabilities or will I have to file bankruptsy for the Business?

I have very little assets, only office equipment and supplies.

Any assistance in this matter would be greatly appreciated.

Thank you.

 

[seniorjudge]

Check with the bureaucrats in your state who issue corporation papers.

There is usually a way to publish a termination of a corporation.

All persons wanting for file claims must do so according to statute.