Spokane developer Todd J. Rothrock and his wife, Misty Rae, have filed for Chapter 7 liquidation in U.S. Bankruptcy Court here, listing total assets of about $932,000 and debts of $5.8 million, which they say are mostly business-related.

More than $4.7 million of that indebtedness is to creditors holding unsecured nonpriority claims, including $2.7 million owed to a Spokane branch of Everett, Wash.-based Coastal Community Bank; $900,000 owed to Sundevil Investments LLC, of Spokane Valley; and $565,000 owed to Spokane-based AmericanWest Bank, the filing says.

Listed phone numbers for the Rothrocks were disconnected, and the couple couldn't be reached for comment. However, their Spokane bankruptcy attorney, Dan O'Rourke, says the couple relied on rents to pay mortgages on residential and commercial properties they owned, and the recession cut deeply into that revenue, forcing them to seek bankruptcy protection.

The filing lists seven real estate ownership or development companies, two construction companies, and one retail-sales concern here in which the couple have or had some ownership interest or oversight involvement.

Those companies include Capital Rock Builders LLC, Sikha LLC, Largerock LLC, Rockwyler Development LLC, Oakley 1B LLC, Mainrock LLC, Rockmain LLC, Rothnickweiler LLC, Kairos Construction LLC, and Rock Coffee LLC. Although the filing lists five of those companies as still operating, it says the couple's ownership interest in nine of the 10 has no monetary value, and it puts the value of their 10 percent stake in Capital Rock at $1,000.

In a schedule of creditors holding secured claims, the Rothrocks list claims totaling just under $1.1 million on residences at 11626 S. Scribner, 2004 E. Fourth, and 7808 S. Parkway Lane in Cheney, and other properties—not identified by type—at 4214 N. Martin, 6717 E. Seventh, 3303 N. Madelia, and 8332 N. Howard. It says they plan to surrender to creditors the properties on Fourth, Seventh, Howard, Madelia, Martin, and Scribner.