United States Bankruptcy Court for the Southern District of New York
Encyclopedia
The United States Bankruptcy Court for the Southern District of New York is the United States bankruptcy court
within the United States District Court for the Southern District of New York
. The Southern District of New York is a major venue for bankruptcy
, as it includes the City of New York.
Originally, the District Court itself handled bankruptcies; these and admiralty court
cases dominated nearly to the exclusion of all other cases, which were primarily handled by a Circuit Court for the District of New York and its successor Circuit Court for the Southern District of New York, until that court was abolished and its cases handled by the District Court as well. The district became widely recognized for its expertise in handling large bankruptcies, leading companies to seek a way to file in this court. Modern examples include the General Motors Chapter 11 reorganization
and the Enron
and WorldCom bankruptcies.
United States bankruptcy court
United States bankruptcy courts are courts created under Article I of the United States Constitution. They function as units of the district courts and have subject-matter jurisdiction over bankruptcy cases. The federal district courts have original and exclusive jurisdiction over all cases arising...
within the United States District Court for the Southern District of New York
United States District Court for the Southern District of New York
The United States District Court for the Southern District of New York is a federal district court. Appeals from the Southern District of New York are taken to the United States Court of Appeals for the Second Circuit The United States District Court for the Southern District of New York (in case...
. The Southern District of New York is a major venue for bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
, as it includes the City of New York.
Originally, the District Court itself handled bankruptcies; these and admiralty court
Admiralty court
Admiralty courts, also known as maritime courts, are courts exercising jurisdiction over all maritime contracts, torts, injuries and offences.- Admiralty Courts in England and Wales :...
cases dominated nearly to the exclusion of all other cases, which were primarily handled by a Circuit Court for the District of New York and its successor Circuit Court for the Southern District of New York, until that court was abolished and its cases handled by the District Court as well. The district became widely recognized for its expertise in handling large bankruptcies, leading companies to seek a way to file in this court. Modern examples include the General Motors Chapter 11 reorganization
General Motors Chapter 11 reorganization
The General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of Chapter 11, Title 11, United States Code in the United States Bankruptcy Court for the Southern District of New York...
and the Enron
Enron
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 22,000 staff and was one of the world's leading electricity, natural gas, communications, and pulp and paper companies, with...
and WorldCom bankruptcies.
See also
- United States District Court for the Southern District of New YorkUnited States District Court for the Southern District of New YorkThe United States District Court for the Southern District of New York is a federal district court. Appeals from the Southern District of New York are taken to the United States Court of Appeals for the Second Circuit The United States District Court for the Southern District of New York (in case...
- List of judges of the United States District Court for the Southern District of New York
External links
- US Bankruptcy Court - Southern District of New York — official site