Though filing for bankruptcy will effectively dissolve a corporation, you cannot simply close your business and expect protection from your creditors. You must go through the process of bankruptcy to stop creditors from their pursuit of repayment. Even if you cease all operations and close the doors of your corporation, creditors are still legally allowed to sue the company for repayment. Closing the company also does not end the requirement or cost to file tax returns. To get the best outcome for your corporation, it’s best to hire an experienced bankruptcy trustee like J. Bottom & Associates. We will help you determine the best path forward for your business and represent you in all bankruptcy issues. Please reach out to us today to learn more about how we can help you or set up a time to discuss your current situation.