Legal Question in Business Law in California

You cannot bankrupt a dissolved corporation. Not sure what you would be waiting to see. If the corporation is going out of business, or is out of business, there is no reason for a corporate bankruptcy. I am not a bankruptcy specialist, but I'm 99% sure that because corporations can cease business, liquidate their assets and pay off the creditors to whatever extent the assets allow, there is no equivalent of a Chapter 7 bankruptcy for corporations. You only bankrupt a corporation that wants to reorganize its debts and continue in business. Double check with a bankruptcy specialist, but I'm very sure your solution is to liqidate any remaining assets owned by the corporation, distribute the proceeds to the creditors, and then dissolve the corporation.