An arrangement in which the debts of a company can only be paid from its own assets implies

The arrangement described in the question implies "limited liability". Limited liability is a legal concept that limits the amount of money a shareholder or owner can lose in case of a company's failure. In other words, the debts of a company can only be paid from its own assets, and the personal assets of shareholders or owners are protected. This means that the liability of the shareholders or owners is limited to the amount they have invested in the company. Therefore, if a company fails, the shareholders or owners will not lose more than the value of their investment.