No, a suspended corporation cannot file for bankruptcy. Additionally, the filing of a petition on behalf of a suspended corporation is a criminal offense.
Revenue and Taxation Code § 19719. (a) Any person who attempts or purports to exercise the powers, rights, and privileges of a corporation that has been suspended pursuant to Section 23301 or who transacts or attempts to transact intrastate business in this state on behalf of a foreign corporation, the rights and privileges of which have been forfeited pursuant to the section, is punishable by a fine of not less than two hundred fifty dollars ($250) and not exceeding one thousand dollars ($1,000), or by imprisonment not exceeding one year, or both fine and imprisonment.
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I agree with Mr. Daymude, a suspended corporation cannot apply for bankruptcy.
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It is generally known that it is a bad idea to file a Chapter 7 for a corporation because corporations cannot obtain a discharge. More likely than not, you may have personally guaranteed the corporation's debts, so you may have to look at the unfortunate option of filing a personal bankruptcy.
Hope this perspective helps!
Unless you revive the corporation (remove its suspension), it cannot (a) defend the existing suit or (b) file a bankruptcy action.
Please see the post at the link below.
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The simple answer is that unless you file a 'revivor' with the Secretary of State's office a suspended corporation is just that suspended, and unable to do business. Once the 'revivor' (might be a different name presently) is filed and the back fees and penalties or other issues are resolved then your company can again do business as a company in California.