#Order
Endorsement of the Honourable Justice C.F. De Sa dated February 11, 2026 — Endorsement / reasons
Platinum Insulation Services Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)SECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, RSC 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43
- File
- CV-25-00004086-0000
- Industry
- Construction · Specialty trade contractors
OverviewSummary updated
Platinum Insulation Services Inc. is the subject of a court-appointed receivership proceeding in the Ontario Superior Court of Justice, brought under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The application was electronically issued on October 17, 2025 and carries court file number CV-25-00004086-0000. The proceeding is active. The record of the case at present consists of that commencement step; no subsequent milestones have been entered on this page. Creditors and counsel following the matter should treat the October 17, 2025 application as the sole documented event to date.
Proceedings AIOpen Proceedings AI
Case updates5 dated entries
#Filing
Book of Authorities of the Applicant dated January 21, 2026 — Application / notice of application
#Filing
Receivership application electronically issued in the Ontario Superior Court of Justice under court file CV-25-00004086-0000, commencing the proceeding against Platinum Insulation Services Inc.
Source: Application Record of the Applicant dated October 27, 2025
Parties
Debtor
Platinum Insulation Services Inc.
Receiver
msi Spergel inc.
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice de Sa | Ontario Superior Court of Justice | 2 orders, Feb 2026 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantRoyal Bank of Canada | Harrison Pensa LLP | 11 Feb 2026 | Order · 11 Feb 2026 |
| CreditorRoyal Bank of Canada | Harrison Pensa LLP | 21 Jan 2026 | Factum · 21 Jan 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 584 casesGeneral Security Agreement dated July 19, 2019 (all present and after-acquired personal property); perfected PPSA (Ontario) registration — Comprised of Facility #1 – Revolving Demand Facility (limit $2,500,000; balance $2,519,603.44 as of Sept 15, 2025, account in excess position) and Other Facility – Credit Card (limit $50,000; balance $27,858.29 as of Sept 15, 2025, in default), plus bank account overdraft. Also secured by Guarantee and Postponement of Claim dated March 24, 2023 from Jim Fuoco (sole director/guarantor of Debtor), limited to $1,000,000 — related party/personal guarantee. A se · as of 15 Sep 2025 | $2.56M | Application Record of the Applicant dated October 27, 2025 |
| Secured | |||
| Secured | |||
| Secured |
3 more claims in 1 class The stack holds Secured claims.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Documents5 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice C.F. De Sa dated February 11, 2026
| PDF · Subscribers | |
Order of the Honourable Justice C.F. De Sa dated February 11, 2026
| PDF · Subscribers | |
Book of Authorities of the Applicant dated January 21, 2026
| PDF · Subscribers | |
Factum of the Applicant dated January 21, 2026
| PDF · Subscribers | |
Application Record of the Applicant dated October 27, 2025
| 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., “Platinum Insulation Services Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/platinum-insulation-services-inc