How do I untangle curves?

I am trying to make a vector version of a logo bitmap. I was successfully able to trace the bitmap outlines, but the letters on the two lines overlap and I need a way to separate them into two objects: Ridge and CHORUS. See https://www.dropbox.com/scl/fi/5ynsrwc5ocya8r6n8l8ak/CorelCurves.png?rlkey=6yu85udwcqqydt8klechftjb5&dl=0

How can I do this?

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