Breakthrough Entertainment Group of Companies
- Proceeding
- ProposalBIA Div. I
- File
- 31-2801364
Breakthrough Entertainment Group of Companies commenced Division I proposal proceedings under the BIA on February 21, 2022 in the Ontario Superior Court of Justice, court file 31-2801364, and the matter remains active. The Proposal Trustee reports HSBC Bank Canada as Breakthrough Entertainment Inc.'s primary secured creditor, owed approximately $562,000 under various secured facilities, with PPSA search results appended to the report, and lists a further approximately $280,000 owing to HSBC under the Canada Emergency Business Account programme. Unsecured trade and producer debt reported by Management as at January 7, 2022 totals approximately $2.1 million at Breakthrough Entertainment Inc., approximately $812,000 at Breakthrough Films & Television Inc. and approximately $22,000 at Breakthrough Post Inc. Payroll source deductions are outstanding for one payroll cycle; no HST is outstanding.
Motion Record – Proposal Trustee – Returnable September 13, 2022 — Application / notice of application
The court granted an approval and vesting order for the sale to 1000041001 Ontario Ltd. on behalf of Spike & Sadie Media Limited Partnership 1000041412. Closing terms, as extracted: vesting effective upon delivery of the Proposal Trustee's Certificate.
Debtor
Breakthrough Entertainment Group of Companies
Proposal trustee
Dodick Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 3 orders, Jun 2022 | 94 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 3 orders, Mar 2022 – Apr 2022 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeDodick Landau | Goldman Sloan Nash & Haber LLP | 13 Sep 2022 | Factum · 13 Sep 2022 |
| DebtorBreakthrough Entertainment Group of Companies | Reconstruct LLP · Weisz Fell Kour LLP | 1 Mar 2022 | Application · 8 Jun 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | HSBC Bank Canada · in 55 cases“various secured facilities”; PPSA search results appended to the report as Appendix “B”, reflecting updates to HSBC's registrations — PRIMARY SECURED CREDITOR — “HSBC is Breakthrough's primary secured creditor.” The document says “approximately $562,000”; the approximation is its own. Recorded separately from the CEBA loan below because the document states them as two facilities. EXCLUDED HERE, and deliberately: a further “approximately $5.5 million” of HSBC production financing is owed by other Breakthrough production subsidiaries which the report says are “not subject to the NOI Proceedings | $562K | First Report of the Proposal Trustee |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
10 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 1 closed · 1 approved — the Debtor has closed the Sale Transaction on March 16, 2022Second Report to Court of the Proposal Trustee – April 11 2022 · 11 Apr 2022
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1000041001 Ontario Ltd. on behalf of Spike & Sadie Media Limited Partnership 1000041412the Purchased Assets · asset sale · nominee/assignee: Spike & Sadie Media Limited Partnership 1000041412 · agreement 21 Feb 2022 | Subscribers | Closed16 Mar 2022 | Second Report to Court of the Proposal Trustee… |
| Christmas Hill Productions Inc.the Christmas Hill Assets, being three seasonal television movie productions that are already at the filming stage and related agreements · asset sale | not stated | Approved13 Jun 2022 | Court Order – Vesting |
| Date | Document | File |
|---|---|---|
Court Order – Proposal Approval
| PDF · Subscribers | |
Factum – Proposal Trustee
| PDF · Subscribers | |
| Motion Record – Proposal Trustee – Returnable September 13, 2022 | PDF · Subscribers | |
| Notice of Hearing of Application for Court Approval of Proposal | PDF · Subscribers | |
| Proposal Creditor Package | PDF · Subscribers | |
Endorsement of Justice Dietrich
| PDF · Subscribers | |
Court Order – Substantive Consolidation
| PDF · Subscribers | |
Court Order – Vesting
| PDF · Subscribers | |
Fourth Report to Court of the Proposal Trustee
| PDF · Subscribers | |
Motion Record – Applicant – Returnable June 13, 2022
| PDF · Subscribers | |
Motion Record – Applicant – Returnable May 25, 2022
| PDF · Subscribers | |
| Court Endorsement | PDF · Subscribers | |
Court Order – Stay Extension
| PDF · Subscribers | |
Motion Record – Applicant – Returnable April 14, 2022
| PDF · Subscribers | |
Second Report to Court of the Proposal Trustee – April 11 2022
| PDF · Subscribers | |
| Court Endorsement March 1, 2022 | PDF · Subscribers | |
Court Order – Administrative Consolidation and Related Relief Order
| PDF · Subscribers | |
Court Order – Approval and Vesting
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
Motion Record of Applicant – Breakthrough
| PDF · Subscribers | |
| 2447134 Ontario Inc. – NOI Creditor Package | PDF · Subscribers | |
| Breakthrough Enterprises Inc. – NOI Creditor Package | PDF · Subscribers | |
| Breakthrough Entertainment Inc. – NOI Creditor Package | PDF · Subscribers | |
| Breakthrough Films & Television Inc. – NOI Creditor Package | PDF · Subscribers | |
| Breakthrough Merchandising Inc. – NOI Creditor Package | PDF · Subscribers | |
| Breakthrough Post Inc. – NOI Creditor Package | PDF · Subscribers | |
| Breakthrough Publishing Inc. – NOI Creditor Package | PDF · Subscribers | |
| Oak Room Productions Inc. – NOI Creditor Package | PDF · Subscribers | |
| Breakthrough New Media Inc. – NOI Creditor Package | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Breakthrough Entertainment Group of Companies” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/breakthrough-entertainment-group-of-companies