Federal Bankruptcy Court (United States)

The Federal Bankruptcy Court is a specialized court in the United States that handles cases related to bankruptcy, a legal process for individuals or businesses unable to pay their debts. It aims to help debtors restructure their debts or liquidate their assets to repay creditors. The court ensures fair treatment of all parties involved and follows federal laws governing bankruptcy. There are different types of bankruptcy filings, including Chapter 7 and Chapter 11, each serving distinct purposes. Ultimately, the court's role is to provide a legal framework to resolve financial distress and allow for a fresh start.