I believe it can but go to the DMV website and these questions can be answered through the FAQS. If not, you can go to the local DMV and get help. On a separate note; being that there is potentially a repo on your vehicle you may want to discuss this with a bankruptcy or debt relief Attorney as they will go after for deficiency.
DISCLAIMER: This answer is provided solely for informational purposes only. This answer does not constitute legal advice, create an attorney-client relationship, or constitute attorney advertising.
Yes. The plate is yours and can be transferred to another vehicle. If you have no plans to get another vehicle, you can surrender the plate for a partial refund.