In Re Blanco

MEMORANDUM OPINION

JOHN H. SQUIRES, Bankruptcy Judge.

This matter comes before the Court on the objection of AmeriCredit Financial Services, Inc. (the “Creditor”) to confirmation of the amended Chapter 13 plan filed by Linda J. Blanco (the “Debtor”) because the Debtor proposes to surrender its collateral in full satisfaction of the Creditor’s claim. For the reasons set forth herein, the Court sustains the Creditor’s objection to the Debtor’s plan. The Court holds that the Debtor may not surrender the collateral in full satisfaction of the debt to the Creditor. The Creditor is entitled to seek…