Okay, kiddo, so the Court of Chancery in Ireland was a place where people went when they needed help with certain kinds of problems that they couldn't solve by just going to regular court.
See, sometimes there are problems in life that can't be solved with a simple decision like "yes" or "no." For example, say your friend borrowed your toy and promised to give it back but hasn't yet. You might feel upset and want your toy back, but just telling your friend to give it back might not work. That's when you might need to ask a grown-up for help.
In the same way, when grown-ups have problems that can't be solved by regular court, they would go to the Court of Chancery. The people who worked there were called chancellors, and their job was to listen to the problem and make a decision that would be fair for everyone involved.
The kinds of problems that went to the Court of Chancery were things like arguments over property, wills, and trusts. These were things that couldn't be solved just by saying "yes" or "no," because there were often different opinions and complicated situations to consider.
So, the Court of Chancery was a special kind of court that helped people solve tricky problems in a fair way. It doesn't exist in Ireland anymore, but it was an important part of the country's history.