Charlottetown, Prince Edward Island

Debt Relief Options in Charlottetown

If you live in Charlottetown and can't keep up with your debts, you have the same legal options as every Canadian — a consumer proposal or bankruptcy filed through a Licensed Insolvency Trustee, a debt management plan through non-profit credit counselling, or a consolidation loan — plus protections under Prince Edward Island law when collectors call.

Your options in Charlottetown

Consumer proposal
Pay back part of your unsecured debt over up to 5 years. Total debts up to $250,000 (excluding your home mortgage).
Bankruptcy
Release most unsecured debt; a first bankruptcy usually lasts 9 months (21 with surplus income).
Consolidation or credit counselling
Repay the full principal in one payment, ideally at a lower rate.
Talk to a trustee
Most Licensed Insolvency Trustees serving Charlottetown offer a free first consultation.

Prince Edward Island rules that affect Charlottetown residents

Collection agency regulator: Collection agencies contacting you in Charlottetown must be licensed by PEI Consumer, Corporate and Financial Services, which also takes complaints about harassment or misleading collection practices.
Governing law: Collection Agencies Act.
Limitation period: Limitation periods for consumer debt in Prince Edward Island differ from most provinces — confirm with PEI Consumer, Corporate and Financial Services or a legal clinic before paying an old debt.

Read the full guide to your rights with collection agencies →

Find a Licensed Insolvency Trustee near Charlottetown

Only a Licensed Insolvency Trustee can file a consumer proposal or bankruptcy. The federal Office of the Superintendent of Bankruptcy keeps the official list — search it by city to find trustees serving Charlottetown, and check any firm's licence before you sign.

Office of the Superintendent of Bankruptcy