Several individuals from North Dakota and Minnesota have filed for bankruptcy in their respective states. In North Dakota, individuals such as Aaron David Bedford, Lindsay Anne Junge, Kasey Audrey Burhans, and others have filed for Chapter 7 bankruptcy, which involves liquidating assets and discharging debts. Meanwhile, in Minnesota, bankruptcy filings have occurred in various counties including Becker, Clay, Douglas, and more. Filers in Minnesota include Christopher Kyle Rhoads, Amanda Cristine Lisburg, Kristy Leah Kuck, and others who have filed for either Chapter 7 or Chapter 13 bankruptcy.
Chapter 7 bankruptcy is a petition to liquidate assets and discharge debts, while Chapter 13 is a petition for wage earners to readjust debts. In the case of Chapter 11, it is a petition for protection from creditors and to reorganize, and Chapter 12 is specifically for family farmers to reorganize their finances. These bankruptcy filings indicate a need for financial assistance and restructuring among individuals in both North Dakota and Minnesota.
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