Relativity today finally had to disclose, in a U.S. Bankruptcy Court filing, information about its complicated web of loans and finances that it long struggled to keep private. The document from Chief Restructuring Officer Brian Kushner says that the company faces more than 1,000 creditors looking to be made whole as it struggles to deal with $350 million in outstanding matured secured debt while “unable to finalize any further financing.”

Relativity Media logoRelativity generated about $501 million in revenues in 2014. About $346 million came from films and $96.6 million from TV. A branding business had $2.2 million in revenues, followed by Relativity Music ($1.5 million), Relativity Fashion ($572,00) and Relativity Digital ($242,000).

The entire company has a book value of nearly $560 million — but has liabilities of $1.18 billion.

Relativity’s sports management business, which represents more than 300 athletes, is not among the units considered bankrupt. But on July 28 YC Athletic Holdings exercised warrants to buy half of the operation.

Relativity’s largest secured claim holder is Cortland Capital, owed $361.6 million. It’s followed by Manchester Securities Corp (owed $137.1 million), RKA Film Financing ($83.9 million), Macquarie U.S. Trading ($32.4 million) and One West Bank ($27.8 million).

Relativity’s finances unraveled after June 1 when Cortland’s loan came due — and the entertainment company could not raise the $320 million it needed. Relativity issued new shares of stock, which it sold privately. Hedge fund Catalyst Capital bought some of Cortland’s debt, as did Anchorage Capital and Luxor Capital.

But Relativity didn’t have the liquidity, or flexibility, to keep going without bankruptcy protection.

The studio has some production loans that are secured by films, not by Relativity itself. One under the name of Armored Car Productions includes $24.1 million “for the purpose of acquiring, producing, completing and delivering a motion picture net yet released.” Another, from an entity named DR Productions, is for $14.7 million, also for an unnamed production.

The filing notes, though, that Relativity owes nearly $4 million on a loan to produce 3:10 To Yuma and The Forbidden Kingdom.

Relativity disclosed that CEO Ryan Kavanaugh controls about 15.7% of the company’s voting shares. He chairs the board that also includes President Tucker Tooley, Yucapia Co’s Ron Burkle, producer Mark Canton, VII Peaks Capital’s Gurpreet Chandhoke, music producer and manager Shep Gordon, Whiteside Energy’s Carey Metz, IDG Capital’s Hugo Shong and former William Morris Agency chief Jim Wiatt.

At a hearing Friday, Relativity plans to ask the Bankruptcy Court to have all of the challenges involving different parts of the company consolidated into one proceeding. It wants to file a list of its 50 largest general unsecured creditors, instead of having each entity at the company list its top 20.

The company wants authority to pay what it deems to be “critical vendors” so it can keep functioning.

It also wants to extend the deadline for its filing due to “the complexity and diversity of the Debtors’ businesses, the limited staff available to perform the required internal review of their financial records and affairs, the numerous critical operational matters that their accounting and legal personnel must address” and because many invoices “may not have yet been received or entered into their accounting systems.”