U.S. Bankruptcy Court

The U.S. Bankruptcy Court is a specialized federal court that handles bankruptcy cases, where individuals or businesses seek relief from debt they cannot repay. When someone files for bankruptcy, the court assesses their financial situation, and a judge oversees the process. The primary goal is to either discharge debts (eliminate them) or create a structured repayment plan. Bankruptcy provides a legal way for people to regain financial stability while protecting creditors' rights. There are different types of bankruptcy, like Chapter 7 and Chapter 13, each serving different needs and circumstances.