Can you add a car?

[may]

DH has an outrageous truck payment that he doesn't want to get rid of. We filed on 1/13/10. If I can do some convincing can we still add his truck?

[debtinohio]

To be clear - - you added the truck payment into the plan and now want to surrender it instead? How outrageous is it?

You would need your attorney to modify the plan and state the secured asset will be surrendered. Unless in a 100% plan, you may want to keep it as it is lowering your disposible income and this may just mean more $$ to unsecured creditors.

[may]

No. The truck payment was only in the plan this past month because we couldn't pay it and our bk fees. It's $650/month. We were planning on keeping it but looking at our budget, we could sure use an extra $300 a month or so.

We're paying $2,600 on our $26,000 debt.

[debtinohio]

It sounds as if it was in arrears 1 month and that 1 payment was added as an arrears in the plan. This should also mean the payment is now also being paid out of the 13 as well since it was not current at filing.

Check with your attorney, but if you get a car @ $350, your 10% dividend may increase to 90% with an extra $300 in dis. income.

[may]

I was just wondering if we could still surrender it. We already surrendered my car and our camper.

[debtinohio]

I was just wondering if we could still surrender it. We already surrendered my car and our camper.

It will just take a plan modification to be filed by your attorney.

I was just warning you that you may not see an extra $300/month to your pocket by surrenduring the truck.

[may]

Ok. Sorry. I'm still learning everything. When we talked about paying everything back it was around $70/twice a month. I didn't realize that surrendering everything would affect our repayment. It didn't seem to do anything when I surrendered my car and the camper.