Need Advice on admin fees
August 22nd, 2012 by Questions
I have filed for a CP with Grant Thornton & Alger. I am paying them an admin fee/deposit of $887.50.. They say if the proposal fails, I lose the money – is this acceptable? My total debt is $48,000. I offered $300/month for 60 months, and they countered at $500/month. I counter offered $400/month for 60 months, but even that is 50% of my debt……what do I do if they reject this? Can I counter again? I am impatiently waiting for a response from them.
Posted from: Alberta
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)