Proceedings.

Anderson Square Holdings Ltd.

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Proceeding
NOIsection 50.4 of the Bankruptcy and Insolvency Act
Court
Supreme Court of British Columbia
File
B-230561
Industry
Real estate
Filings held23
Last activity6 Oct 2026
On the record1,074 days
Secured debtSubscribers
OverviewSummary updated

Anderson Square Holdings Ltd. filed a Notice of Intention to Make a Proposal on November 27, 2023, commencing proceedings under the Bankruptcy and Insolvency Act in the Supreme Court of British Columbia under court file no. B-230561. The record shows no further steps since that filing, and the matter remains active. No proposal, court order, hearing date or claims information has been recorded in the file to date.

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Case updates23 dated entries
#Report

After the Supreme Court of Canada dismissed the Pre-Sale Buyers' appeal, the trustee found the Company solvent and sought to withdraw the Amended Proposal and NOI filing; 32 residential and one commercial unit remained unsold.

Source: Proposal Trustee's Fourth Report to Court

AnalysisAll insights⁠

Outcome brief

Anderson Square: the proposal withdrawn, without a deemed bankruptcy

On October 6, Justice Stephens ordered the Richmond developer's NOI and both proposals deemed withdrawn, ending the BIA stay without deeming it bankrupt; Deloitte's Fourth Report had called the company solvent, with $33.5 million in cash at July 31. A second order approved Deloitte's fees and discharged it as proposal trustee.

Filing brief

Anderson Square: withdrawing a proposal after the buyers' judgment fell

With the pre-sale buyers' $13,093,900 judgment overturned, the developer of Richmond's Prima says the only creditors who voted for its amended proposal no longer hold a claim, calls itself solvent, and asks Justice Stephens on September 28 to deem its NOI and both proposals withdrawn.

Parties

Debtor

Anderson Square Holdings Ltd.

Proposal trustee

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice StephensSupreme Court of British Columbia4 orders, Feb 2024 – Oct 202617 cases on record

Counsel of record

PartyCounselFirst seenSource
Proposal trusteeDeloitteNorton Rose Fulbright Canada LLP7 Feb 2024Application · 23 Sep 2026
DebtorAnderson Square Holdings Ltd.Watson Goepel LLP23 Sep 2026Application · 23 Sep 2026
CreditorCompany, Anderson Square Holdings LtdClark Wilson LLP21 Mar 2024Application · 23 Sep 2026
CreditorKeung Sun HoVenture Code Law Corporation2 Oct 2025Service list · 2 Oct 2025
CreditorLower Mainland Framing IncJenkins Marzban Logan LLP21 Mar 2024Application · 23 Sep 2026
CreditorPre-Sale BuyersNathanson Schachter & Thompson LLP19 Jun 2024Application · 19 Jun 2024
CreditorPre-Trial LitigationNathanson Schachter & Thompson LLP21 Mar 2024Application · 23 Sep 2026
CreditorScott ConstructionBorden Ladner Gervais LLP21 Mar 2024Application · 23 Sep 2026
CreditorScott Construction LtdBorden Ladner Gervais LLP7 Feb 2024Application · 7 Feb 2024
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredAnderson Plaza Holdings Inc.Equitable mortgage over the Unsold Units (23 PIDs comprising the Prima Project) and associated indemnities; mortgage security registered against the Unsold Units on or about November 28, 2023 — Related party: Anderson Plaza Holdings Inc. is the 100% parent/shareholder of the debtor (owned 70%/30% by directors Mr. Liang and Mr. Ho, who are also directors of the debtor). Demand for payment and Notice of Intention to Enforce Security issued November 20, 2023, stating total outstanding of $64,092,907.87 as at November 15, 2023. First Report's prose describes this as 'approximately $64.1 million ow · as of 15 Nov 2023$64.1MFirst Report To Court of the Proposal Trustee Filed December 21, 2023
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

18 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Unsecured creditors: a distribution. Anderson Plaza paid in full · Anderson Plaza Holdings Inc. a distribution · Anderson Plaza Holdings Inc. a distribution.Proposal to Creditors Notice Package · 10 May 2024

ClassCreditorClaimsRecoveryBasisSource
SecuredAnderson Plazarelated party—paid in fullper the debtorNotice of Application (withdraw NOI and proposal) | Filed September 23,… · 23 Sep 2026
SecuredAnderson Plaza Claim - secured (Claims as Filed)Anderson Plaza Holdings Inc.assertedconditionalEstimatedper the proposal trusteeProposal to Creditors Notice Package · 10 May 2024
UnsecuredPre-Sale Claim - unsecured (Claims as Filed, Proposal)assertedconditionalper the proposal trusteeProposal to Creditors Notice Package · 10 May 2024
UnsecuredAnderson Plaza Claim - unsecured (Claims as Allowed)Anderson Plaza Holdings Inc.estimatedconditionalEstimatedper the proposal trusteeProposal to Creditors Notice Package · 10 May 2024

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

6 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Estate financialsReported figures — never derived

Cumulative receipts

$412K

As at 22 Sep 2026Proposal Trustee's Fourth Report to Court

Cumulative disbursements

As at

Cash on hand

As at

Professional fees

As at

3 more reported figures

Each one as the filing states it, with its source.

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Documents
23 filings
DateDocumentFile
Order Made After Application (NOI Withdrawal), October 6, 2026
  • Presiding officer Justice Stephens
PDF · Subscribers
Order Made After Application (Proposal Trustee Discharge), October 6, 2026
  • Presiding officer Justice Stephens
PDF · Subscribers
Requisition to Reset Hearing to October 6, 2026
  • Presiding officer Justice Stephens
PDF · Subscribers
Application Response | Filed September 24, 2026PDF · Subscribers
Notice of Ap plication (Proposal Trustee Discharge) | Filed September 24, 2026PDF · Subscribers
Notice of Application (withdraw NOI and proposal) | Filed September 23, 2026
  • Counsel Borden Ladner Gervais LLP
  • Recovery outcome Entries: per unstated; per unstated · Table missing:
  • Financial position · Secured creditors Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Proposal Trustee's Fourth Report to Court
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Service List
  • Counsel Jenkins Marzban Logan LLP
PDF · Subscribers
Notice of Hearing of Application for Court Approval of Proposal October 31, 2024PDF · Subscribers
Supplemental Report of Proposal Trustee on Proposal filed October 25, 2024
  • Operational summary Following resolution of a director dispute that had frozen disbursements, the Company (via a related party's interim funding) continued operations and is now able to make payments directly, with 38 residential and 1 commercial unit still unsold as of the report date.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Notice of Application for Sanction Order filed June 19, 2024
  • Counsel Nathanson, Schachter & Thompson LLP
PDF · Subscribers
Report of Proposal Trustee on Proposal filed June 19, 2024PDF · Subscribers
Amended Proposal
  • Recovery outcome Entries: per plan · Table missing:
PDF · Subscribers
Proposal Trustee's Report to Creditors May 21, 2024
  • Recovery outcome Entries: per plan; per liquidation_alternative; per plan; per liquidation_alternative · Stated on: 2024-05-21 · Table missing:
PDF · Subscribers
Proposal to Creditors Notice Package
  • Recovery outcome Entries: per estimated; per unstated; per estimated; per estimated · Stated on: 2024-05-10 · Table missing:
PDF · Subscribers
Third Report to Court of the Proposal Trustee filed March 22, 2024PDF · Subscribers
Notice of Application (Extension of Stay) Filed March 21, 2024
  • Applicant Anderson Square Holdings Ltd.
  • Counsel Norton Rose Fulbright LLP
  • Court IN THE SUPREME COURT OF BRITISH COLUMBIA
  • Court file no B-230561
PDF · Subscribers
Notice of Application (Extension of Stay) Filed February 7, 2024
  • Applicant Anderson Square Holdings Ltd.
  • Appointee Deloitte Restructuring Inc.
  • Appointee role proposal trustee
  • Counsel Norton Rose Fulbright Canada LLP
  • + 4 more extracted facts
PDF · Subscribers
Order Made After Application (Extension of Stay) Filed February 7, 2024
  • Order date 7 February 2024
  • Presiding officer Justice Stephens
  • Stay extended to 26 March 2024
PDF · Subscribers
Second Report to Court of the Proposal Trustee Filed February 6, 2024PDF · Subscribers
First Report To Court of the Proposal Trustee Filed December 21, 2023
PDF · Subscribers
Initial Cash Flow Forecast Dated December 7, 2023PDF · Subscribers
Notice of Intention Notice Package
  • Financial position · Secured creditors · Unsecured creditors Subscribers
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., “Anderson Square Holdings Ltd.” (NOI), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/anderson-square-holdings-ltd

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Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/anderson-square-holdings-ltd

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.