Edgar Sells Tax Advice to Businesses from a Storefront Operation

Edgar sells tax advice to businesses from a storefront operation in a local shopping mall.His sales efforts were not successful and, as a result, Edgar assigned himself into bankruptcy several months ago.He had the leased premises in the mall, two computers hooked up to a server, a printer, stationery, and books.The business was Edgar's only venture and it is unlikely that he could enter another line of business.As a result, he wants to know what he can keep out of the hands of creditors.

A) He can keep all of the office equipment, regardless of its value.
B) He can keep none of the office equipment, regardless of its value.
C) He may be able to keep office equipment, provided that it is found to be necessary "tools of the trade" and is worth no more than the allowable provincial exemption.
D) He may not be able to keep office equipment because this could be used as household furniture.
E) He may be able to keep the office equipment if it is secured property belonging to a bank that has promised it will not take action against him.