OKMM - Bankruptcy Quiz Question Title 1. What is bankruptcy? A legal process that can provide relief that may have lasting effects on your credit score A way to combine your debts into one manageable payment An agreement between a lender and a borrower in which the borrower pays a portion of a loan balance and the lender forgives the remainder When a lender forgives or erases some or all of your debt Page1 / 5 20% of survey complete. Next