Bankruptcy proceedings are legal processes that help individuals or businesses unable to pay their debts. They allow debtors to either eliminate or reorganize their debts under the protection of the court. This process can provide a fresh start for those facing financial difficulties. During bankruptcy proceedings, a bankruptcy trustee is appointed to oversee the case. The trustee evaluates the debtor's financial situation, manages the distribution of assets, and ensures that creditors are treated fairly. Different types of bankruptcy, such as Chapter 7 or Chapter 13, offer various options depending on the debtor's circumstances.