e.Digital Corporation (fka EDIG)

[rootus99]

WSJ

If the debtor is out of cash and has no intention of carrying on the company then one of two things seems likely, the BK will be dismissed for want of prosecution and the corporation will continue not to register and continue to cease operating which would constitute a dissolution, or the discharge will be granted and the BK concluded.

Either way the company ceases to exist legally. It already ceases to operate.

For something else to happen, third parties such as shareholders or creditors would have to take some kind of legal action, which costs money, and would be throwing good money after bad.