Sometimes, despite their best efforts, people find themselves in a situation in which their debt far exceeds their income. When a person is overcome by debt, they can seek relief by filing for bankruptcy. Bankruptcy typically provides an automatic stay of efforts by creditors to receive payment and allows parties to regain control of their finances by discharging some or all of their debts. Individuals typically file for either a Chapter 7 or Chapter 13 bankruptcy, each of which has distinct advantages. If you are overwhelmed by debt, you should speak with a seasoned bankruptcy attorney in the Orlando area to discuss your options.