Bankruptcy Post 10 year rule

Greetings,

I just recently past the 10 year mark needed to have my student loans included if I file bankruptcy. I ceased becoming a full time student in the spring of 1995 and have been in default since the loans became repayable. To date the only payments that have been applied to my outstanding debt have been through the CCRA withholding my tax returns. The CCRA have with held my tax returns for the last 8 years. This would not seem so bad if I was not supporting a family of four on an annual income below $14,000 some years. The highest annual income I have received during the past 10 years has been $25,000. 

Following leaving school in the spring of 1995 I estimated I was $50,000 in debt comprised primarily of student loans and some consumer debts. The first six or seven years were hell emotionally coping with both illness and collection agencies hunting me down relentlessly. I talked to a trustee and considered Bankruptcy during the late 1990s but did not exercise this option because of the facts that my student loans (the largest part of my total debt) would remain and I could not afford the $1500 filing fee. Around 2000 thing lightened up considerably and today no collection agencies or government agents call me anymore. However, the fact that I owe money on a Student loan is ever present.

The other day I went to open a basic chequing account at a local Credit Union and was turned down. Before they did the credit report I explained that I had trouble in the past. Following a credit search on Equifax a report showed an one consumer debt with an unpaid balance with the last activity in 2003 and an outstanding student loan. The consumer debt was a mistake because Trans Canada did not record receiving my final payment and subsequent loan closure. The woman at the Credit Union was very condescending to me demanding to know my story on why I had not dealt with this student loan. I felt like telling her that she seemed to be taking the matter a little to personally considering it wasn't at her bank which held the S/L and wasn't like it was her money anyways! As far as I know my consumer debts that I had during the mid 1990s no longer appear on my credit file since it has been over 7 years. I don't even recall the amounts of all of them or who they were with.

Given the collection agency harassment I endured during the late 1990s and the that I cannot even open a basic chequing account I have given up on ever thinking of a mortgage. I would like to return to school and become an electrician within the next year and do not wish to reset the 10 year rule again.This year my income will be around $30,000. If I do return to school and become a electrician my income would rise each year and would most easily surpass 30,000 within 5 years. Presently I do not own a home and doubt I ever will because no lender will touch me because of the S/L or the bankruptcy if I use that option. Therefore would it be in my best interest to declare bankruptcy before returning to school because the 10 years and I Have a low income and very little assets?