> forgot to pay the bill on the backup server
I'm not sure I believe the "owner" is telling the truth. If he forget to pay the bill (why isn't it a credit card recurring subscription?), or the credit card failed due to insufficient funds, then he would have received multiple emails warning of service termination.
Why aren't you backing up your code to private repositories, ones that can be had for free from bitbucket.org? Even Dropbox would have been a good alternative, although you might want to encrypt anything sensitive!
If you're telling the truth, I'm certain you need to walk away from this sketchy owner and this bankrupt startup.