Breakthrough Entertainment Group of Companies
FollowActive
- Proceeding
- ProposalBIA Div. I
- File
- 31-2801364
Filings held29
Last activity13 Sep 2022
On the record1,673 days
Secured debt$562K
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates29 dated entries
#Filing
Motion Record – Proposal Trustee – Returnable September 13, 2022 — Application / notice of application
Parties
Debtor
Breakthrough Entertainment Group of Companies
Proposal trustee
Dodick Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 3 orders, Jun 2022 | 109 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Mar 2022 – Apr 2022 | 285 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 · 13 Jun 2022 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | HSBC Bank Canada · in 54 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 | HSBC Bank Canada — Canada Emergency Business Account loanstated as owing to HSBC under the CEBA programme; the report lists it within its Secured Creditors section — “approximately $280,000”, the document's own approximation. A CEBA loan is a government-backed programme loan; the report places it under Secured Creditors without stating separate security for it. — debtor: Breakthrough Entertainment Inc. (“Breakthrough”) | $280K | First Report of the Proposal Trustee |
| 8 | Unsecured | Nathaniel Abraham (counterclaim)CONTINGENT AND DISPUTED, and it runs both ways: Breakthrough commenced an action against Mr. Abraham for breach of fiduciary duty totalling $8.0 million, and he “has counterclaimed naming seven of the filing entities, and the other two indirect shareholders, as defendants for the aggregate amount of $4.9 million”. The $4.9M counterclaim is the claim AGAINST the estate; the $8.0M is the estate's claim against him and is not a liability. — debtor: Breakthrough Entertainment Inc. (“Breakthrough”) | $4.9M | First Report of the Proposal Trustee |
| 8 | Unsecured | Unsecured trade and producer creditors (aggregate as reported)“approximately $2.1 million”; no individual creditor is named. — debtor: Breakthrough Entertainment Inc. · as of 7 Jan 2022 | $2.1M | First Report of the Proposal Trustee |
| 8 | Unsecured | Former landlord — contingent lease damagesCONTINGENT, and stated separately from the rent arrears above: “approximately … $933,000 for … contingent lease damages”. — debtor: Breakthrough Entertainment Inc. (“Breakthrough”) | $933K | First Report of the Proposal Trustee |
| 8 | Unsecured | Unsecured trade and producer creditors (aggregate as reported)“approximately $812,000”; no individual creditor is named. A different filing entity from the $2.1 million above — the report states the three separately and they are kept separate here. — debtor: Breakthrough Films & Television Inc. · as of 7 Jan 2022 | $812K | First Report of the Proposal Trustee |
| 8 | Unsecured | Former employee — wrongful dismissal claimCONTINGENT AND DISPUTED — a pleaded claim for damages of “approximately $425,000”, not an adjudicated debt. — debtor: Breakthrough Films & Television Inc. | $425K | First Report of the Proposal Trustee |
| 8 | Unsecured | Former landlord — arrears of rentCONTINGENT. Breakthrough terminated its premises lease in 2021; the former landlord claims “approximately $155,000” in arrears. — debtor: Breakthrough Entertainment Inc. (“Breakthrough”) | $155K | First Report of the Proposal Trustee |
| 8 | Unsecured | Copyright infringement claimant (New York action)CONTINGENT, DISPUTED, USD, AND A FLOOR: “the pleadings claim is for in excess of $75,000 USD”. Recorded at the stated minimum with the operative words quoted, because “at least US$75,000” informs a reader and “not stated” misleads one. Currency is USD, not CAD. — debtor: Breakthrough Entertainment Inc. (“Breakthrough”) | $75K USD | First Report of the Proposal Trustee |
| 8 | Unsecured | Unsecured trade and producer creditors (aggregate as reported)“approximately $22,000”; no individual creditor is named. — debtor: Breakthrough Post Inc. · as of 7 Jan 2022 | $22K | First Report of the Proposal Trustee |
| 8 | Unsecured | Payroll source deductionsDEEMED TRUST CLASS and NO AMOUNT STATED: “payroll and source deductions are outstanding for one payroll cycle”, with no figure given. The report states in the same breath that “there are no amounts outstanding in respect of HST”, so the HST side is a stated nil rather than an unknown. — debtor: Breakthrough Entertainment Inc. (“Breakthrough”) | — | First Report of the Proposal Trustee |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processAs stated in the filings
2 transactions · 1 closed · 1 proposed — 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 | $100Kamount referenced as cash proceeds of the Transaction distributed to HSBC | Closed16 Mar 2022 | Second Report to Court of the Proposal Trustee… |
| Christmas Hill Productions Inc.the Christmas Hill Titles · asset sale | not stated | Proposed | Fourth Report to Court of the Proposal Trustee |
Closing termsvesting effective upon delivery of the Proposal Trustee's CertificateCourt Order – Approval and Vesting
Documents
29 filings
| Date | Document | File |
|---|---|---|
Court Order – Proposal Approval
| ||
Factum – Proposal Trustee
| ||
| Motion Record – Proposal Trustee – Returnable September 13, 2022 | ||
| Notice of Hearing of Application for Court Approval of Proposal | ||
| Proposal Creditor Package | ||
Endorsement of Justice Dietrich
| ||
Court Order – Substantive Consolidation
| ||
Court Order – Vesting
| ||
Motion Record – Applicant – Returnable June 13, 2022
| ||
Fourth Report to Court of the Proposal Trustee
| ||
Motion Record – Applicant – Returnable May 25, 2022
| ||
| Court Endorsement | ||
Court Order – Stay Extension
| ||
Motion Record – Applicant – Returnable April 14, 2022
| ||
Second Report to Court of the Proposal Trustee – April 11 2022
| ||
| Court Endorsement March 1, 2022 | ||
Court Order – Administrative Consolidation and Related Relief Order
| ||
Court Order – Approval and Vesting
| ||
First Report of the Proposal Trustee
| ||
Motion Record of Applicant – Breakthrough
| ||
| 2447134 Ontario Inc. – NOI Creditor Package | ||
| Breakthrough Enterprises Inc. – NOI Creditor Package | ||
| Breakthrough Entertainment Inc. – NOI Creditor Package | ||
| Breakthrough Films & Television Inc. – NOI Creditor Package | ||
| Breakthrough Merchandising Inc. – NOI Creditor Package | ||
| Breakthrough Post Inc. – NOI Creditor Package | ||
| Breakthrough Publishing Inc. – NOI Creditor Package | ||
| Oak Room Productions Inc. – NOI Creditor Package | ||
| Breakthrough New Media Inc. – NOI Creditor Package | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Breakthrough Entertainment Group of Companies” (Proposal), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/breakthrough-entertainment-group-of-companies