Yes, because the debt is settled first and then written off. Before the cancellation of the company, it is necessary to set up a liquidation group and submit a liquidation report, and the company's creditor's rights and debts need to be dealt with at the time of liquidation. After the cancellation, the original company will not have the problem of creditor's rights and debts. In the cancellation and liquidation of the company, the liquidation group of the company first urges creditors to declare their claims, and at the same time investigates and cleans up the company's property.

Legal objectivity:

Article 186 of the Company Law After clearing up the company's assets, preparing the balance sheet and list of assets, the liquidation group shall formulate the liquidation plan and report it to the shareholders' meeting, shareholders' meeting or people's court for confirmation. After paying the liquidation expenses, employees' wages, social insurance fees and statutory compensation, paying the taxes owed and paying off the company's debts, the remaining property of the company shall be distributed according to the proportion of shareholders' capital contribution in a limited liability company and the proportion of shares held by shareholders in a joint stock limited company. During the liquidation period, the company shall survive, but shall not carry out business activities unrelated to liquidation. The company's property shall not be distributed to shareholders before it is paid off in accordance with the provisions of the preceding paragraph.