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Published February 04 2012

Minnesota Bankruptcies (February 04, 2012)

Chapter 7 is a petition to liquidate assets and discharge debts.

Chapter 11 is a petition for protection from creditors and to reorganize.

Chapter 12 is a petition for family farmers to reorganize.

Chapter 13 is a petition for wage earners to readjust debts.

Filed in U.S. Bankruptcy Court

Minnesota

Bankruptcy filings from the following counties: Becker, Clay, Douglas, Grant, Hubbard, Mahnomen, Norman, Otter Tail, Polk, Traverse, Wadena and Wilkin.

Michael Allen and Beth Anne Wilde, Parkers Prairie, Chapter 13, debts of $242,474, assets of $217,742.

Nanci L. Saurdiff, Alexandria, self-employed, Chapter 7, debts of $50,539, assets of $49,765.

Norma Jean Moe, Frazee, retired, Chapter 7, debts of $18,900, assets of $4,735.

James Melvin and Carol M. Stockstad, 1228 12th St. N., Moorhead, Chapter 7, debts of $121,561, assets of $159,438. Stockstad is a maintenance worker. Mrs. Stockstad is a bookkeeper.

Orville A. and Betty Joline Olson, doing business as Olson’s Custom Cabinets and Joline’s, Erskine, Chapter 7, debts of $131,878, assets of $84,314.

Tara Colleen Trygstad, East Grand Forks, customer service agent, Chapter 7, debts of $19,689, assets of $16,192.

Lisa F. Hannestad, formerly known as Lisa Torkelson, 627 Appletree Lane, Moorhead, Chapter 7, occupation, debts and assets not listed.

Jay William and Ashley Carol Dunbar, formerly known as Ashley Spencer, Ottertail, Chapter 7, debts of $102,915, assets of $81,605.

Frances Gloria Dhaene, Benedict, Chapter 7, debts of $135,901, assets of $193,378.

Arlou LaRae Mjoen, Alexandria, Chapter 7, debts of $59,152, assets of $24,162.

Todd A. Busche, Mahnomen, Chapter 7, occupation, debts and assets not listed.