Ontario · Receivership (court-appointed)
Application Record 22-April-2026
Application / notice of application · 22 April 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- commencement date20 April 2026
- courtSUPERIOR COURT OF JUSTICE
- proceeding typereceivership_court
- statutory basisSubsection 243 (1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, C.B-3 as Amended and Section 101 of the Courts of Justice Act R.S.O. 1990, c. C.43 as Amended
- secured creditorsnote: Affidavit states indebtedness of 'the Planswells' is currently $1,850,900.27 USD per Loan Schedule (Exhibit M); Notice of Application (Apr 20, 2026) states approximate prose figure 'over 3-million is due and owing' (together with fees, disbursements and accruing interest). Affidavit states FVP is the only secured creditor registered on the PPSA (Exhibit J, search current to Apr 21, 2026). Limited Recourse Guarantors (personal guarantors) are Eric Arnold and Scott Wetton, sole director/officer of debtor entities; guarantee is limited recourse. Eric Arnold reported to have absconded to South America/Colombia. · page: 15 · as of: 2026-04-22 · amount: 1850900.27 · debtor: Planswell Corp. (Ontario) / Planswell USA Corp. · creditor: FVP Servicing LLC (as Administrative Agent for Lenders) · currency: USD · security: Guaranty Agreement by Planswell Corp. (Ontario); Pledge and Security Agreement over all equity interests of Planswell Corp. (Ontario) in Planswell USA Corp.; General Security Agreement by Planswell USA Corp.; registered on PPSA (Ontario) and UCC (Delaware/Florida); Maximum Aggregate Loan Amount (facility limit) $3,000,000.00 USD
- court file noCL-26-00000166-0000