U.S. Bankruptcy Court for the Southern District of New York

The U.S. Bankruptcy Court for the Southern District of New York is a federal court that handles bankruptcy cases in that region. It provides a legal framework for individuals and businesses unable to repay their debts, helping them reorganize or eliminate obligations. This court is known for dealing with high-profile cases involving large corporations, given New York's status as a financial hub. It ensures fair treatment for creditors and debtors, guiding them through the complexities of bankruptcy law while upholding the rights of all parties involved.