54. New York Southern Bankruptcy Court

The New York Southern Bankruptcy Court is a federal court that handles bankruptcy cases in a specific region of New York, particularly Manhattan. When individuals or businesses cannot pay their debts, they can file for bankruptcy, seeking legal protection and a way to reorganize or eliminate their debts. This court oversees these cases, ensuring fair treatment of creditors and debtors according to bankruptcy laws. Its goal is to help individuals manage their financial difficulties and allow businesses to restructure or liquidate efficiently, often providing a fresh start for those struggling with financial obligations.