‘Perfect storm’ of rising interest rates and inflation pushing people to their limits, says trustee
An increasing number of Islanders are struggling to manage their debt, according to data from the federal Office of the Superintendent of Bankruptcy.
The latest numbers show a 15 per cent increase in filings from P.E.I. consumers in 2022. Bankruptcies held steady year-over-year, but the number of consumer proposals rose by about 60.
