Debt relief is a big deal in the 21st century. The recession that began ten years ago wiped out a lot of people’s savings and took away some people’s homes. A surge in private-sector activity in education and health care has brought more changes that seem to take money out of the pockets of ordinary New Hampshire residents.

Fortunately, several leaders across the state and the nation have taken notice, and their policies have taken aim. The governor’s office in Concord is working to settle a deal with opposition politicians on the Granite State’s biennial budget. One of the issues at stake is millions in debt relief and programs to manage debt.

Student debt is a large part of the financial pain felt in New Hampshire. The state hovers near the top of national counts of student debt per capita, and many industries in New England are struggling to offer appropriate jobs for graduates.

At the same time, medical debt may pile up for unemployed and underemployed people. This unfortunate chain reaction comes less from individuals’ abilities to manage their money and more from an inability to earn while having to pay more for basic or vital services.

There are many options for people dealing with large amounts of debt. Restructuring or consolidating various types or accounts of debt may loosen restrictions, and bankruptcy is an option when liabilities far outstrip assets or income. An attorney can help work with debtors on the best moves they can make to recover as quickly as possible.