Even if the fluid got in, it probably wasn't the cause of this issue. My guess is the sudden shutdown may have damaged or scrambled some of the data on the drive. I'm guessing that even after you fixed this issue, another would pop up after it. That is, of course, a total guess.
If all else fails, buy yourself a new hard drive and replace the old one, leaving it outside of the case. Do a fresh XP install and get everything configured. Place the old hard drive back into the computer and try to access any files you need, then copy them to the new disk. Keep, reuse, or recycle the defunct one.
That's a last resort though.