You owe money to a company but they are on the brink of closing, would it be wise to pay what you owe?

You could just not pay it and see what results. You may end up worse off if the debt gets sold to someone else and late fees are tacked on, but if you say you did pay the fee it will be hard for the new company to prove otherwise. Its a risk but it may be worth it just to do nothing for now.