77. Texas Eastern Bankruptcy Court

The Texas Eastern Bankruptcy Court refers to a specific federal court that handles bankruptcy cases in the eastern region of Texas. Bankruptcy courts are specialized courts that deal with individuals and businesses unable to repay their debts. In these proceedings, the court evaluates the financial situation of the debtor, assesses their assets and liabilities, and decides on debt restructuring or discharge. The Texas Eastern Bankruptcy Court plays a crucial role in ensuring fair treatment of debtors and creditors, helping people or companies to either reorganize their debts or liquidate assets to pay off creditors.