I am still holding the line with minimal late pays.

As you have pointed out I am in your terms bankrupt.

The house did not sell for $20,000 below appraised price. I doubt that with the current street construction there is any price it would sell with the massive street construction. My expectation was that the sale of the house would cover at least the non CRA tax debts which is not going to be the case.

I am at the point that I need to investigate and decide if I rent the basement again and try to keep working  or try to hang in for another year file bankruptcy keeping the house and car as per my understanding of rules.

My health is not improving and the bottom line is that if I can maintain part time employment for a year in order to discharge the bankruptcy, that is about all my body is going to do. 

There is even a wild card of a claim against Metro for a slip and fall I am dealing with today. I will unequivocally not undertake any longer period of discharge as my health does not permit such optimism. If after this Metro fall. If  I get the use of finger back so I can type without pain and the shoulder does not go completely out (which it is on the edge of doing) I consider myself lucky.

First National has renewed my mortgage at a 2.99% fixed rate for five years,
making the monthly pay for taxes and mortgage $589.20

If I run the figures it comes out within $100 of each other whether I rent and pay the creditors and hope for a better day when the street is done, if the economy improves. Yada dada.

As long as I work even part time at Stream keeping 54 paying the new mortgage and services. With only me to use it to love is probably $900 all in and to get even a one bedroom apt has to cost pretty much that a month once they pay hydro etc.  Alone I cut almost 60% of cost as I do not comply with the heat police etc. Live cool, or warm, with few lights and electrical draws.

If I peruse bankruptcy today how:

Does the keeping the house work? 

What about the "self employed within last five years" condition?

Who sets the used value on possessions tools of the trade?

Debt July 26,2013

MTG secured debt against house

First National Mortgage  54 Boswell                                                                                                                                                           $111.885.67
Hasting Housing assistance                                     home grant                                                                                                               $     6,195.00
Total secured against house                                                             $118.080.67
I bet that interest rates are going up 5 year fixed 2.99%  +tax increase =  $   589.20

Unsecured Debt:

Visa                                                                                                                                                                                                                              $  20,989.23
TC Canada Trust Line of credit                                                                                                                                                                                 $     9,754.71
Mastercard                                                                                                                                                                                                                  $     3,734.52
Maackewen Oil                                                                                                                                                                                                           $        801.80
No service or taxes owing 100% current $ 35,280.70 unsecured loans

before the CRA TAX man claims -$154,166.37

Canada Rvenue Service                                                                                                                                                  $  18,938.00

-$173,104.37

I must do something about the heating for 2013 if i hold as it is 40% more to heat with oil or i must settle with oil company

Total debt inclusive                                                                                                                                                                                                                         $173,104.37