Legal Question in Business Law in California

Re: Going out of business

Someone, somewhere, still holds a claim against you. The questions are, however, who? and will they ever attempt to enforce it?

I think you should make a reasonable attempt to locate the former owner or someone else (such as an estate executor or bankruptcy trustee) with power to enforce the debt.

If this fails, wait for the statute of limitations to run out, then forget it. This is usually two years on an oral contract or, as is more likely, four years on anything supported by a writing signed by you.