Which court handles bond default petitions?

The Chancery Court is the appropriate venue for handling bond default petitions primarily because it deals with equity issues, including matters related to the issuance and management of bonds. Bond defaults often involve intricate financial and legal considerations that may require a court to exercise equitable powers to resolve disputes or enforce obligations.

The Chancery Court has the authority to grant equitable remedies, which can include the appointment of a receiver, the enforcement of covenants, or the interpretation of bond agreements. This makes it particularly well-suited for such cases that may not be solely based on monetary damages but rather on ensuring compliance with legal and contractual obligations.

In contrast, the other courts mentioned serve different purposes. Circuit Courts typically handle a wide range of civil and criminal cases but may not focus specifically on financial and equity matters like those presented in bond defaults. Bankruptcy Court specializes in handling bankruptcy cases and disputes, which is not applicable to bond defaults unless the entity involved is in bankruptcy proceedings. District Courts primarily address federal matters or civil cases, lacking the specific focus on equity that Chancery Courts provide in regard to bond issues. Therefore, Chancery Court is the most fitting choice for bond default petitions.