The mortgage crisis has deeply affected the United States economy and some believe student-loan debt could do the same.

The National Association of Consumer Bankruptcy Attorneys is a group that represents bankruptcy lawyers and their clients. After surveying more than 900 attorneys, the group found that more people are filing for bankruptcy due to high student-loan debt.

Student-loan debt has reached a record high. It now sits at almost $1 trillion. In 2010, student-loan debt exceeded credit-card debt for the very first time and it could have a major impact on the economy.

"Take it from those of us on the frontline of economic distress in America," the National Association of Consumer Bankruptcy Attorneys president said. "This could very well be the next debt bomb for the U.S. economy."

The amount of borrowing that is being done worries some because it is reminiscent of the mortgage crisis. However, unlike credit-card debt and mortgage debt, student-loan debt can often not be eliminated through bankruptcy.

Despite that, bankruptcy may still be a good option for some. Through bankruptcy, an individual may be able to eliminate their debt and begin down a path to financial security.

Anyone living in Pennsylvania who is faced with mounting debt may wish to consider working with an experienced bankruptcy attorney. An attorney can outline the options available to an individual and help them choose the best one based on their specific situation.

Dealing with debt can be frustrating and overwhelming. Fortunately, an individual does not have to face it alone.

Source: Bloomberg, "Student Debt Could Be Next 'Bomb,' U.S. Bankruptcy Lawyers Say," Janet Lorin, Feb. 7, 2012