New York Southern Bankruptcy Court

The New York Southern Bankruptcy Court is a federal court that handles bankruptcy cases in the southern district of New York, which includes Manhattan. It provides a legal process for individuals and businesses unable to pay their debts, allowing them to reorganize, discharge certain debts, or liquidate assets under the protection of the court. The court aims to ensure fair treatment of creditors while helping debtors find a manageable way out of financial difficulties. It is known for handling high-profile cases, making it an important venue in the landscape of U.S. bankruptcy law.