OKMM - Bankruptcy Quiz Question 1 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 4% of survey complete. Next