[direwolf20]

I believe dissolving a corporation requires you to attest you've paid all debts. If that's impossible, you have to go through the bankruptcy process. If you attest that you've paid all debts but you haven't, now you're committing frame against the government which they really don't like. You could be imprisoned for that.

[hn_acc1]

Is that how it works in China, though, when the debt is owned to someone in the US?

[direwolf20]

Even worse. In China they kill you for trying to dissolve a company without paying debts.