Ontario · Receivership (court-appointed)
Application Record dated July 17, 2026
Application / notice of application · 17 July 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 filing8 verified · 1 withheld
- applicantROGER HWANG
- courtSUPERIOR COURT OF JUSTICE
- court file noCL-26-00000325-0000
- statutory basissections 148 and 149 of the Ontario Business Corporations Act, S.C. 1991, c. 45 and section 101 of the Courts of Justice Act, R.S.O. 1990, c.43, as amended
- secured creditorsnote: Personal guarantor/facilitator role - individual, related party (also director/officer/shareholder); amount of outstanding line of credit draw not stated in these pages · page: 18 · debtor: Acora Acoustics Corporation · creditor: Roger Hwang (individually) · currency: CAD · security: Line of credit facilitated to Company per Article 20.3(ii) of USA; to be repaid by Company liquidating assets before Roger repays outstanding amount personally
- secured creditorsnote: Cumulative advances from June 18, 2019 through April 15, 2026; demand made June 19, 2026 for repayment by June 30, 2026; no payments made as of affidavit. CAD portion. · page: 21 · as of: 2026-04-15 · amount: 4044924.82 · debtor: Acora Acoustics Corporation · creditor: Crystal Group Holdings Inc. · currency: CAD · security: General security agreement over all assets and undertaking of the Company (per Article 20.2.1 of USA); shareholder loan advances, related party (owned/controlled by Roger Hwang)
- secured creditorsnote: Cumulative advances from June 18, 2019 through April 15, 2026; demand made June 19, 2026 for repayment by June 30, 2026; no payments made as of affidavit. USD portion. · page: 21 · as of: 2026-04-15 · amount: 2017519.71 · debtor: Acora Acoustics Corporation · creditor: Crystal Group Holdings Inc. · currency: USD · security: General security agreement over all assets and undertaking of the Company (per Article 20.2.1 of USA); shareholder loan advances, related party (owned/controlled by Roger Hwang)
- financial positionnote: As at September 30, 2025, Acora reported negative retained earnings of $5,082,068.84; full balance sheet not reproduced in these pages. Acora also had continuing losses through fiscal year ending September 30, 2026, per income statement/balance sheet to May 31, 2026 (Exhibit E), figures not stated on these pages. · page: 22 · as at: 2025-09-30 · basis: compiled financial statements · scope: Acora Acoustics Corporation, entity-level · currency: CAD
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.