This decision concerns a contested application to pass accounts in the estate of Christina Georgiou Psoma.
The applicant, Steve Georgiou, as estate trustee, sought to have his accounts approved following an ex parte order obtained by the objectors, Panayiotios and Zevoulla Georgiou.
The court addresses threshold issues regarding the propriety of the ex parte order, the scope of the accounting required, and substantive disputes over the treatment of a life insurance policy, a "roofing agreement" debt, and a joint CIBC account.
The court finds that the life insurance proceeds did not form part of the estate, upholds the roofing agreement as a valid debt, and determines that the joint account funds are estate assets.
The estate is found to be insolvent, and the court urges the parties to resolve remaining issues by agreement.