Consumer Proposals & Debt Solutions in Charlottetown, PEI
Licensed Insolvency Trustee & Consumer Proposal Administrator
96 Kent Street, Charlottetown, Prince Edward Island, Canada, C1A 1M9
Tel: (888) 491-6326
By appointment only.
How we can help
Debt doesn’t define you, but the wrong kind of debt can flip your world upside down.
For more than 45 years, we’ve helped over 200,000 Canadians successfully get out of debt. If you live or work in the area and you are experiencing financial problems, struggling with credit card payments or having trouble making ends meet, we’re here to help you leave your debt behind.
Book a free, confidential, no-obligation consultation with our team today. We will review your debt-relief options together, and make a plan to help you regain control of your money and ease your stress.
Our Debt Relief Services in Charlottetown, PEI
We offer a range of trusted solutions to help you get back on track. Every option is tailored to your unique financial situation and administered by experienced professionals who understand the local landscape.
Consumer Proposal
A legally binding agreement that can reduce your unsecured debt by up to 80%—and stop interest and collection calls. Administered by a Licensed Insolvency Trustee.
Personal Bankruptcy
A fresh financial start for those who cannot repay their debts. Bankruptcy eliminates most unsecured debts and provides immediate legal protection from creditors.
Credit Counselling
Get personalized advice and budgeting support from our team. We’ll help you build better financial habits and improve your long-term money management.
Debt Consolidation
Simplify your debt by combining multiple payments into one affordable monthly amount. A good option if you have steady income and want to avoid legal proceedings.
Debt Settlement
Negotiate a lump-sum payment to settle your debt for less than you owe. Best suited for those who have access to funds and want to resolve debts quickly.
Meet Our Charlottetown Professionals
Our experienced local team is dedicated to helping individuals and families in Charlottetown and surrounding communities find a path out of debt and toward financial stability.
With over 45 years of expertise in Canadian debt solutions, we understand the unique challenges people face—and how to solve them. Whether you’re considering a consumer proposal, need guidance on budgeting, or simply want to explore your options, our team offers compassionate, judgment-free support every step of the way.
We’re here to listen, explain your options clearly, and help you take confident next steps toward a debt-free future.
Consumer Proposals in Charlottetown
A consumer proposal is a powerful, federally legislated debt solution that allows you to settle your unsecured debts for less—without going bankrupt. It’s one of the most effective ways to regain financial control while keeping your assets and avoiding the long-term consequences of bankruptcy.
If you’re living in Charlottetown or surrounding areas, our Licensed Insolvency Trustees can help you determine if a consumer proposal is the right path forward.
Why Choose a Consumer Proposal?
- Reduce your debt by up to 80%
- Stop collection calls and wage garnishments immediately
- Avoid bankruptcy while keeping your home, car, and assets
- Make one affordable monthly payment over up to 5 years
- No interest or additional penalties once the proposal is filed
- Filed with a government-regulated Licensed Insolvency Trustee
- 98% of consumer proposals filed are successfully accepted by creditors
Cost and Process of a Consumer Proposal in Charlottetown
One of the key benefits of a consumer proposal is the predictable cost. Unlike other debt options, there are no hidden fees. Everything is outlined upfront—and your monthly payments are based on what you can afford.
What Does a Consumer Proposal Cost?
The cost of a consumer proposal in Charlottetown is based entirely on your negotiated repayment amount. This amount:
- Is typically significantly less than what you owe—often up to 80% lower
- Includes all fees (no additional payments to the Licensed Insolvency Trustee)
- Is interest-free once the proposal is filed
- Is spread out over a maximum of five years, with flexible payment terms
You’ll know the total cost before you agree to anything—and you won’t pay a cent until the proposal is officially filed.
How the Consumer Proposal Process Works
Getting started is simple and confidential. Here’s how it works:
Book a Free Consultation: Speak with our Charlottetown-based team to review your debt situation and explore your options.
We Draft and File Your Proposal: If a consumer proposal is right for you, we’ll prepare the paperwork and submit it to your creditors for approval.Start Making Monthly Payments: Once accepted (over 98% of proposals are), you’ll make one affordable monthly payment—no more interest, collection calls, or wage garnishments.
Complete the Program and Rebuild: After completing your payments and two brief financial counselling sessions, you’ll be officially debt-free—and ready to rebuild your credit with confidence.See What You Could Save
Wondering how much a consumer proposal in Charlottetown could actually save you? Use our free Debt Payment Calculator to compare what you’re paying now with what a consumer proposal could reduce your payments to—versus options like debt consolidation or minimum credit card payments over the next 5 years.
Instantly Compare:
● Total debt vs. total repayment
● Monthly payment estimates
● Interest savings over time
● Time to become debt-free
You Pay:
$6,000
You Save:
$0
Consumer Proposal (0% Interest Rate)
You Pay:
$6,000
You Save:
$0
Debt Consolidation (12% Interest Rate)
You Pay:
$8,008
Do Nothing (19% Interest Rate)
You Pay:
$9,339
Consumer Proposal vs. Debt Consolidation
If you’re struggling with debt in Charlottetown, it’s important to understand the difference between a consumer proposal and debt consolidation—and which option offers the most long-term relief.
While both can simplify your payments, only one can reduce the total amount you owe without requiring new loans.
Consumer Proposal
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Debt Reduction
Yes — reduce debt by up to 70–80%
-
New Loan Required
No
-
Interest
0% interest once filed
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Creditor Protection
Yes — legally stops collection calls and wage garnishments
-
Eligibility Based on Credit
No credit check required
-
One Monthly Payment
Yes
-
Government-Regulated
Yes — filed through a Licensed Insolvency Trustes
Debt Consolidation
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Debt Reduction
No — you repay 100% of what you owe
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New Loan Required
Yes — requires qualifying for a loan
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Interest
Often 10–30% interest, depending on credit score
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Creditor Protection
No legal protection — creditors can still contact you
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Eligibility Based on Credit
Approval is based on credit rating, income and total debts
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One Monthly Payment
Yes
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Government-Regulated
No — typically managed by a lender or private agency
Why More People in Charlottetown Are Choosing Consumer Proposals
If your debt has become unmanageable and you’re struggling to qualify for a loan, a consumer proposal in Charlottetown offers a more realistic, affordable, and legally protected path forward.
Filing Personal Bankruptcy in Charlottetown
For some people in Charlottetown, bankruptcy may be the most practical way to deal with overwhelming debt—especially if other options like a consumer proposal or consolidation loan aren’t viable.
Filing bankruptcy is a legal, government-regulated process that eliminates most unsecured debts and provides immediate protection from creditors. While it’s often considered a last resort, it can offer the fastest path to a fresh financial start.
When Is Bankruptcy the Right Option?
- Your income is too low to make proposal payments
- You have few or no assets to protect
- Your debts far exceed your ability to repay them
- Collection calls, legal threats, or wage garnishments have become unmanageable
What to Expect When Filing Bankruptcy in Charlottetown
Our local Charlottetown team will guide you through each step with clarity and compassion:
Free Consultation
We assess your full financial picture and help you understand your options, including bankruptcy and alternatives.
Filing the Bankruptcy
If bankruptcy is the best solution, your Licensed Insolvency Trustee will prepare the legal paperwork and file it on your behalf.
Immediate Creditor Protection
Once filed, all wage garnishments, lawsuits, and collection efforts must stop by law.
Complete the Proces
Most first-time bankruptcies last 9 to 21 months. You’ll complete two credit counselling sessions and, once discharged, you’ll be legally released from your eligible debts.
A Fresh Start with Local Support
Our goal isn’t just to help you file bankruptcy—it’s to help you get back on your feet. If you’re considering bankruptcy in Charlottetown, we’re here to walk you through your options and make sure you feel confident about your next step.
Additional Debt Relief Options in Charlottetown
If you’re struggling with specific types of debt in Charlottetown, we offer personalized solutions to help you break free—whether it’s credit card debt, payday loans, or another financial burden. Our local team is here to guide you through effective, legal options to regain control of your finances.
Need Help with a Specific Debt in Charlottetown?
No matter the type of debt, our experienced team is here to provide the guidance you need. Whether you’re dealing with credit card debt, payday loans, student loans, or tax issues, we’ll help you explore your options and choose the best solution for your financial situation.
Contact Us for Charlottetown Debt Help
If you’re looking for trusted, local debt relief in Charlottetown, we’re here to help. Call (888) 491-6326 to schedule a free, confidential, no-obligation consultation. Our team will review your debt-relief options, answer your questions, and work with you to create a personalized plan that helps you regain control of your finances.
We’re here to make the process as easy and stress-free as possible. Our team at the Charlottetown office is committed to offering expert, judgment-free advice and support to help you through this difficult time.
Frequently asked questions
Frequently Asked Questions
We believe that everyone can prosper
The debt you’re facing today is not forever. With more than 45 years of experience in Canadian debt relief, we’ve helped over 200,000 people just like you build a better relationship with money.