NextPoint Financial Inc.
- Proceeding
- CCAACCAA
- Industry
- Financial services · Lending & mortgages
NextPoint Financial Inc. commenced CCAA proceedings in the Supreme Court of British Columbia on July 25, 2023; the proceedings are now closed. The List of Known Creditors as at July 25, 2023 recorded secured claims against NextPoint Group of USD 213,931,287 owed to BP Commercial Funding Trust, Series SPL-X, administered by BasePoint Capital II, LLC, USD 46,012,500 to Drake Enterprises Ltd., and USD 15,135,616 to Frontier Capital Group, Ltd., which was also listed for an unsecured amount of USD 1,333,412. Larger unsecured entries included Chilmark Administrative LLC at USD 10,504,144, GV Stadium Gateway, LLC at USD 1,938,956, a USD 1,200,000 litigation claim by Rene Labrado, USD 696,667 in aggregate employee amounts, USD 622,941 to the U.S. Department of Justice, Tax Division, and USD 500,000 to the U.S. Small Business Administration.
A claims procedure has been established — see the order for deadlines.
Per the Claims Process Order dated 17 November 2023.
Debtor
NextPoint Financial Inc.
Monitor
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Fitzpatrick | Supreme Court of British Columbia | 7 orders, Jul 2023 – Jan 2024 | 60 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorFTI | Fasken Martineau DuMoulin LLP | 21 Nov 2023 | Service list · 21 Nov 2023 |
| ApplicantNextPoint Financial Inc. | DLA Piper (Canada) LLP | 1 Aug 2023 | Service list · 21 Nov 2023 |
| CreditorChilmark Administrative LLC | Norton Rose Fulbright Canada LLP | 21 Nov 2023 | Service list · 21 Nov 2023 |
| CreditorFrontier Capital Group Ltd | Cozen O'Connor LLP | 21 Nov 2023 | Service list · 21 Nov 2023 |
| CreditorM&M Business Group, L.P., Mufeed Haddad and Mike Budka | Lawson Lundell LLP | 21 Nov 2023 | Service list · 21 Nov 2023 |
| Creditoroa rs Name | Bishop & McKenzie LLP · E-Oscar Bradley Arant Boult Cummings LLP · Finlayson Toffer Roosevelt & Lilly LLP · Fragomen, Del Rey, Bernsen & Loewy, LLP | 10 Nov 2023 | Affidavit · 10 Nov 2023 |
| CreditorRECARDO WILKERSON dba NEXT LEVEL CAPITAL TEMECULA EQUITY GROUP, LLC dba OVERFLOW SOLUTIONS OFFICE DEPOT WORKS.COM NAVCO | LINKEDIN CORPORATION Richard Paul Soter, Jr. HUDSON COOK, LLP | 10 Nov 2023 | Affidavit · 10 Nov 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | BP Commercial Funding Trust, Series SPL-X c/o BasePoint Capital II, LLC, its Administratordebtor: NextPoint Group · as of 25 Jul 2023 | $214M USD | Creditors List |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
151 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 plansUnsecured creditors: no recovery.EstimatedSupplemental Report to the Fifth Report of the Monitor · 27 Nov 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Area Developers | — | no recovery | Estimatedper the monitor | Supplemental Report to the Fifth Report of the Monitor · 27 Nov 2023 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
6 engagements · 4 firms — latest: FTI Consulting Canada Inc., 9 Jul – 29 Dec 2023, in feesSeventh Report of the Monitor · 17 Jan 2024
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (firm not named)Counsel to the monitorperiod 2 of 2 · firm not named in the heading | from 10 Jul 2023 | — | — | not stated | Seventh Report of the Monitor · 17 Jan 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (firm not named)capacity not statedperiod 2 of 2 · firm not named in the heading | — | 7 people | Seventh Report of the Monitor · 17 Jan 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ChapmanCounsel | — | 3 people | Seventh Report of the Monitor · 17 Jan 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
3 people — Chapman · 11 blurred figures
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FTI Consulting Canada Inc.Monitorperiod 2 of 2 | 9 Jul – 29 Dec 2023 | — | not stated | Seventh Report of the Monitor · 17 Jan 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| FTI Consulting Canada Inc.Monitorperiod 2 of 2 | 9 Jul – 29 Dec 2023 | 8 people | Seventh Report of the Monitor · 17 Jan 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
8 people — FTI Consulting Canada Inc., 9 Jul – 29 Dec 2023 · 26 blurred figures
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fasken Martineau DuMoulin LLPCounsel to the monitor | 7 Jul – 29 Dec 2023 | 8 people | Affidavit #1 of Lisa Hiebert · 17 Jan 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
8 people — Fasken Martineau DuMoulin LLP, 7 Jul – 29 Dec 2023 · 26 blurred figures
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99 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Distribution Order
| PDF · Subscribers | |
| Fee Approval Order | PDF · Subscribers | |
Termination Order
| PDF · Subscribers | |
Affidavit #1 of Lisa Hiebert
| PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Seventh Report of the Monitor
| PDF · Subscribers | |
| Affidavit #9 of Peter Kravitz | PDF · Subscribers | |
| Affidavit #1 of Ashley Kumar | PDF · Subscribers | |
| Monitor's Certificate | PDF · Subscribers | |
Stay Extension Order
| PDF · Subscribers | |
| Sixth Report of the Monitor | PDF · Subscribers | |
| Affidavit #8 of Peter Kravitz | PDF · Subscribers | |
| Notice of Settlement or Abandonment | PDF · Subscribers | |
| Requisition | PDF · Subscribers | |
| Memorandum of Argument - Drake Enterprises Ltd | PDF · Subscribers | |
| Memorandum of Argument - FTI Consulting Canada Inc. | PDF · Subscribers | |
| Respondent's Book of Authorities - BasePoint | PDF · Subscribers | |
| Respondent's Factum - BasePoint | PDF · Subscribers | |
Supplemental Report to the Fifth Report of the Monitor
| PDF · Subscribers | |
| Affidavit #2 of Teri Stevens | PDF · Subscribers | |
| Memorandum of Argument | PDF · Subscribers | |
Motion Book
| PDF · Subscribers | |
| Notice of Appearance (FCB) | PDF · Subscribers | |
| Notice of Appearance (FTI) | PDF · Subscribers | |
| Affidavit #1 of Dannis Yang | PDF · Subscribers | |
| Affidavit #1 of Mufeed Haddad | PDF · Subscribers | |
| Notice of Appearance | PDF · Subscribers | |
| Notice of Motion | PDF · Subscribers | |
| Notice of Urgent Application | PDF · Subscribers | |
| Motion Book of the Appellants | PDF · Subscribers | |
| Notice of Appeal | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Blank Proof of Claim Form | PDF · Subscribers | |
| Claims Process Instruction Letter | PDF · Subscribers | |
Claims Process Order
| PDF · Subscribers | |
| Fifth Report of the Monitor | PDF · Subscribers | |
| Affidavit #1 of Linda Alexander | PDF · Subscribers | |
| Affidavit #7 of Peter Kravitz | PDF · Subscribers | |
Affidavit #6 of Peter Kravitz
| PDF · Subscribers | |
| 2019 Trust Order | PDF · Subscribers | |
| RVO Order | PDF · Subscribers | |
| Affidavit #5 of Peter Kravitz | PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
| Affidavit #4 of Peter Kravitz | PDF · Subscribers | |
| Order Made After Application | PDF · Subscribers | |
| Third Report of the Monitor | PDF · Subscribers | |
| Affidavit #3 of Peter Kravitz | PDF · Subscribers | |
| Affidavit #2 of Peter Kravitz | PDF · Subscribers | |
| Second Report of the Monitor | PDF · Subscribers | |
| Affidavit #3 of Wen-Shih Yang | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
SISP Order
| PDF · Subscribers | |
| First Report of the Monitor | PDF · Subscribers | |
| Affidavit #2 of Wen-Shih Yang | PDF · Subscribers | |
Application Record Index
| PDF · Subscribers | |
Creditors List
| PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
| Affidavit #1 of Peter Kravitz | PDF · Subscribers | |
| Affidavit #1 of Wen-Shih Yang | PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
| Petition | PDF · Subscribers | |
| Pre-Filing Report of the Proposed Monitor | 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., “NextPoint Financial Inc.” (CCAA), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/nextpoint-financial-inc