Debt responsibility for a small business that is going out of business.

If you have been careful and maintained all the proper corporate records, and you haven't used the corporation as a shield while committing fraud, you shouldn't have personal liability for the unpaid corporate debts, as long as they were entered into by the corporation and not by you.

However if you signed a personal guaranty (as is often required on a commercial lease), that makes you personally liable, whether the business continues or not.