Liability in Corporate Bankruptcy

Questioner

The situation is as follows: A completely new operating company is established with three shareholders. Namely three Holdings, each with an equal share. Set Holding 1, Holding 2 and Holding 3. Holding 3 is an existing holding company that already includes several operating companies. To what extent is it possible that in the event of bankruptcy of one of the existing operating companies of Holding 3, Holding 3 itself will be held liable for this bankruptcy? The next question is to what extent this may have consequences for the new operating company established in the first paragraph and its other shareholders. Namely Holding 1 and Holding 2.

Lawyer

If Holding 1 and 2 are not involved in the operation of the other operating companies of Holding 3, Holding 1 and 2 will not be affected by the bankruptcy of those other operating companies. Of course, it cannot be ruled out that Holding 3 will be held liable for the unpaid debts in the bankruptcy of the operating companies. In their capacity as shareholders, Holding 1 and 2 have little to fear, except that they may have to deal with a new shareholder (in the event of a foreclosure sale of the shares in the new operating company).