Federal Bankruptcy Court

Federal Bankruptcy Court is a specialized court that handles cases involving individuals or businesses unable to pay their debts. It offers a legal process for debtors to restructure or eliminate debts, providing a fresh financial start. The court oversees various types of bankruptcy filings, such as Chapter 7 (liquidation) and Chapter 13 (reorganization). Judges in these courts ensure that the proceedings are fair and in accordance with federal bankruptcy laws, balancing the interests of both debtors seeking relief and creditors wanting repayment. The court plays a critical role in maintaining the balance of financial justice.