Will multiple LLC's protect me if the worst comes?

[Timothy Metra]

This may seem like a new question, but I couldn't find a specific answer on older posts. Sorry if I missed it.

Anyways, if I have 3 separate LLC's and one fails, will the other 2 be protected?

Example:

LLC 1: Worth $45,000 of assets

LLC 2: Worth $200,000 of assets

LLC 3: Worth $150,000 of assets

LLC 1 is sued heavily. Are LLC 2 and 3 completely protected since they're separate assets?

And another question while I'm posting...

Let's say I own a $250,000 home, nice luxury cars, and have plenty of money in the bank. All my LLC's are leveraged on the bank's money. I take a lot of cash flow from my multi-families and pay off my own personal items with the abundance of cash I have, since I'm so rich. *laughs* I'm completely up to date on my pay periods and all, just using the extra cash flow to pay off my personal home and whatnot. Then I get into a situation like Dave Ramsey. $4M worth of assets, owing $3M. So my net worth is about $1M. Reminder, house paid for and all. Then the banks call all their notes and I'm stuck in a situation like Ramsey was.

If all my assets are set through separate LLC's like I described above, will my personal assets be protected if worse comes to worst?

I'm asking because I would like to live practically debt free and use the bank's money (mostly) for my investment purposes. I know I have to put some skin in the game and all, but I'd like to leverage with the bank's money, not my own. What would happen to me in this given situation via the market collapsing?