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Old Posted Feb 5, 2026, 6:59 PM
whatnext whatnext is offline
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Join Date: Feb 2009
Location: Vancouver
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I posted this elsewhere but applicable to this thread too:

B.C. developer worth millions risks jail unless she reveals truth of personal finances

Threat hangs over Helen Chan Sun as creditors try to push businesswoman into bankruptcy
Jason Proctor · CBC News · Posted: Feb 02, 2026

A Vancouver developer with an estimated net worth of at least $20 million faces the possibility of jail later this month unless she comes clean about her personal finances in B.C. Supreme Court.

CBC News has learned Helen Chan Sun was handed a 40-day sentence for contempt of court two months ago after failing to comply with a payment order — a penalty Justice Richard Fowler suspended until Feb. 20 to give Sun time to fully account for her income and expenditures.

The threat comes even as a different set of creditors head to court this week in a bid to obtain a bankruptcy order against the 49-year-old, who is sole shareholder and chief executive officer of a development company involved in multiple residential projects around Greater Vancouver...

... GC Capital's lawyer, veteran litigator Ravi Hira, clashed with Sun during a deposition; Sun balked at having to empty her purse of cash and credit cards and accused Hira of having "attitude."

In his summations, Hira told the registrar Sun's "lifestyle would suggest a much higher income" than the one she claimed.

"She has access to expensive vehicles. She doesn't pay rent," Hira argued.

"She spends thousands of dollars a month on luxuries, including vacations, designer clothers ... Hermes, Armani, Dior and jewelry, Cartier."...

...Beyond Vancouver, Landmark also owns the remaining inventory of units at Foster Martin, a multi-tower, multi-phase White Rock condo project Sun claims would generate "significant cash proceeds" on completion...(bold mine)
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