After the cancellation of the limited company, it will be liquidated, and the liquidation group will issue an announcement. All creditors can declare their claims and then repay their debts. If there is no announcement or liquidation, the shareholders shall bear legal responsibility. During the liquidation period, the liquidation group shall notify and announce the creditors, and the creditors of the company shall declare their claims to the liquidation group. After the liquidation procedure is completed, the company can apply for cancellation of registration.

Legal objectivity:

Article 2 of Enterprise Bankruptcy Law

If an enterprise as a legal person is unable to pay off its due debts, its assets are insufficient to pay off all its debts or it obviously lacks solvency, it shall clear up its debts in accordance with the provisions of this Law.

An enterprise as a legal person may be reorganized in accordance with the provisions of this law if it has the circumstances specified in the preceding paragraph or obviously loses its solvency.

Article 70

The debtor or creditor may, in accordance with the provisions of this Law, directly apply to the people's court for reorganization of the debtor.

Where the creditor applies for bankruptcy liquidation of the debtor, after the people's court accepts the bankruptcy application and before declaring the debtor bankrupt, the debtor or investors whose capital contribution accounts for more than one tenth of the registered capital of the debtor may apply to the people's court for reorganization.