The reality of the situation is that both Hamilton properties are up for sale and if those don't sell within a certain time frame or don't sell for enough, Belleville could be lost too because it's been pledged as security for $5.3 million in overdue mortgages. I'm far from an expert in dealing with creditors but I know this can only be dragged out for so long before the walls cave in. Maybe the Hamilton properties will be sold for $15 million tomorrow (I really doubt that will happen but it could) and the company will have something of a chance but bills and lawsuits have piled up over and over and they all eventually have to be dealt with.
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