I moved overseas 2.5 years ago. My business, which I am the Director of, operated in Australia with one staff member for another 6 months and then ceased operating. The only creditor the company has is the ATO which has been an accumulating debt over some years (around $70k inc.interest). PAYG returns were lodged up until my employee left, and superannuation was paid. The company has no assets. I have just discovered via the ASIC website that the ATO has issued a winding up order for my company which has been ratified by the court. What happens now? Will they proceed to bankrupt me personally? I live overseas and have no property or assets in Australia.