Ontario · Proposal
Fourth Report to Court of the Proposal Trustee
Court officer report · 10 June 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- purchaser1000041001 Ontario Ltd.; Christmas Hill Productions Inc.
- recovery outcomeentries: basis: liquidation_alternative · quote: On a consolidated basis, the liquidation analysis indicates that after payment of the HSBC Secured Loans, a nominal recovery may be available for the unsecured creditors of the Breakthrough Filing Entities. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors of the Breakthrough Filing Entities (consolidated) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Accordingly, should there not be a substantive consolidation, and in the event of a liquidation, the analysis indicates that after payment of the HSBC Secured Loans there would be no recovery for the unsecured creditors of eight Breakthrough subsidiaries and BEI would realize a nominal recovery. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors of eight Breakthrough subsidiaries (non-consolidated) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Accordingly, should there not be a substantive consolidation, and in the event of a liquidation, the analysis indicates that after payment of the HSBC Secured Loans there would be no recovery for the unsecured creditors of eight Breakthrough subsidiaries and BEI would realize a nominal recovery. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors of BEI (non-consolidated) · creditor name: BEI · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: | Estimated recovery for Unsecured Creditors in a Liquidation | | | | -2% | 2% | | | | · pct of: unstated · outcome: distribution · pct low: -2 · pct high: 2 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-06-10 · table missing: