Summary: In this work we employ the time-dependent Karmarkar condition to model dissipative gravitational collapse in the presence of shear which leads to a final static configuration. We believe that this is a first attempt at using the time-dependent Karmarkar condition describing a radiating star with shear in which the collapsing core dissipates energy in the form of a radial heat flux. The final static configuration which is described by an embedding class I spacetime was obtained by Hansraj and Moodly who showed that this solution satisfies all the physical requirements for a static compact object. As the collapse proceeds and the heat flux tends to zero the dynamical core evolves into a static compact core with the exterior spacetime being described by the vacuum Schwarzschild solution.