My question involves bankruptcy in the state of: Florida
I was all set to file Chapter 7, when my BK attorney informed me that since I own a vacant piece of land jointly with my ex-husband, I had to file Chapter 13! This property was purchased long ago as an investment for my daughter, who was a baby at the time. We held it in both names until we felt she could fiscally handle the ownership. Unfortunately, due to job loss, I was forced to file bankruptcy. The land is paid off and I would like to deed my half to my daughter. This would allow me to convert to Chapter 7. When the trustee calculated my monthly payment, I am now upside down by $200 each month and have had to cash in some of my IRA (over 55...no penalty). Would it be considered fraud by the Trustee if I sign the deed to my daughter, since the original intent was to give it to her anyway? Also, can I petition the trustee to reduce my monthly payment? My lawyer said to just keep cashing in my IRA to make the payments! At this rate, I will have no retirement left and still be upside down! My house mortgage is outside the bankruptcy, so I pay that in addition to the trustee.

