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It's not possible for an entity that has been dissolved to sue, as they would not have any legal ability to do so. They would have to be in "good standing" with the Texas Department of State, otherwise you could get the case dismissed. That being said, however, the agreement and underlying debt could have been assigned to the parent company, and as such, the parent company (or other owner of that debt) could still sue, if they're in good standing.
Of course that is subject to any challenges that the debt was validly transferred, that they own the debt, etc... and as such you should confirm ownership and the ability to collect with the attorneys threatening such a lawsuit.
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