bankruptcy court
Bankruptcy court is a specialized court that handles cases related to bankruptcy, a legal process for individuals or businesses unable to repay their debts. The court oversees the restructuring or liquidation of assets, ensuring fair treatment of creditors and debtors.
In bankruptcy court, individuals can file for different types of bankruptcy, such as Chapter 7 or Chapter 13, depending on their financial situation. The court also resolves disputes between debtors and creditors, helping to establish repayment plans or discharge certain debts, allowing individuals or businesses to regain financial stability.