Learn about personal bankruptcy alternatives and avoid bankruptcy. One such province is Prince Edward Island. Economists point to several positive signs for the economic state of PEI residents.Do you require debt services in Prince Edward Island? For information on declaring bankruptcy in P.E.I, Consumer Proposals or answers to your financial questions, please call or visit our.So Prince going in bankruptcy would mean ABG going bankrupt. Since they run many brands, same would apply to each brand they carry. Meaning each brand they carry should have similar rumouring.Prince Sports filed a voluntary petition for Chapter 11 reorganization in U.S. Bankruptcy Court for the District Prince Sports’ portfolio of brands includes Prince (tennis, squash and badminton), Ektelon.BANKRUPTCY PROTECTION. Prince listed assets in the $50 million to $100 million range and said it owes $65 million in secured debt to Authentic Brands Group (ABG)-Prince LLC and about $10.2.