The "Try-With-Resources" statement in Java is a feature that simplifies resource management, particularly for objects that implement the AutoCloseable interface. It automatically closes resources like files or database connections when they are no longer needed, reducing the risk of resource leaks and making code cleaner. When using "Try-With-Resources," you declare the resource within the parentheses of the try statement. Once the try block is exited, either normally or due to an exception, the resource is automatically closed. This ensures that developers do not have to write explicit close statements, enhancing code safety and readability.