1 Company files Ch.11 2nd remains in business same owner.

[Gennegunz]

Here is the quick scenario:
There are two S Corporations within the same industry fully owned by 1 shareholder. Company #1 files for Ch.11 due to inability to pay off its creditors, however 2nd company remains still in business.
What are the potential consequences as far as creditors attempts to go after the assets of the 2nd corp? Could there be any legal issues pertaining to this matter, if customers of corp #1 that filed for Ch.1 will begin to raise questions? Could this scenario even be argues in court? And can costumers of corp #1 potentially take corp #2 to court upon discovering that both companies are owned and operated by one individual?

Thanks in advance,

[HHM]

Is this a real question?

I only ask because of the all the misspellings and type-o's

The question is too general. The short answer is...

Yes, it is possible...but to provide any meaningful insight, we would need significantly more details.