Planswell Corp.

Planswell Corp. is the subject of a bankruptcy application under the BIA brought in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) by Notice of Application issued April 20, 2026. The applicant creditor is FVP Servicing LLC, as administrative agent for lenders, which holds a guaranty from Planswell Corp. (Ontario), a pledge of that company's equity in Planswell USA Corp., and a general security agreement from Planswell USA Corp., registered under the Ontario PPSA and under the UCC in Delaware and Florida against a maximum aggregate loan amount of US$3,000,000. Supporting affidavit material dated April 22, 2026 puts the indebtedness at US$1,850,900.27 per the loan schedule, and a PPSA search current to April 21, 2026 shows FVP as the only registered secured creditor. Eric Arnold and Scott Wetton are limited recourse personal guarantors; Arnold is reported to have absconded to South America. The file is recorded as closed.