Why would a corporations status be "suspended" as of 2007 when in 2002 they shut down due to cashflow problems

My former employer has a judgment issued against them to pay me for wages. I heard they went bankrupt and out of business and did not know who to contact. Obviously they should of sale whatever asset and I should of been one of the first to receive payment. Never got it and so when I looked up the corporation name on the Secretary of State website, their status is suspended versus terminated.

Answers:
It has to do with the way various states handle the process of striking a corporation from the rolls of corporations. Different states do things differently - but some will make a corporation as "suspended" rather than terminated because the corporation still owes the state some money.


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