India, Nov. 11 -- Former North Carolina Lt. Gov. Mark Robinson and his wife, Yolanda Hill, have filed for Chapter 13 bankruptcy, Fox 8 reported. This marks the third bankruptcy filing by the couple in more than two decades. Court records show the filing comes nearly two years after Robinson's unsuccessful campaign for governor.

Chapter 13 bankruptcy allows individuals with a regular income to reorganize their finances and repay all or part of their debts under a court-approved repayment plan.

According to the bankruptcy petition, Robinson and Hill estimate both their assets and liabilities to fall between $500,000 and $1 million. Their listed assets include a home, vehicles and firearms.

The filing also identifies Robinson's current oc...