Yes, even if the company went out of business, the members of that business are entitled to the assets of the business and any debts are assets of the business so technically the members or the trustee in that company's bankruptcy
would have a right to collect the debt still. HOWEVER, chances are they have written the debt off and there is nobody seeking to collect it. If it is a judgment it would be a priority over the unsecured, because it is secured by judgment.
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