It's an 8-letter synonym for "insolvent"
Words that can be created using 8 letters from the word 'insolvent'
... [DOC] [TLE] Bankrupt | Definition of Bankrupt by Merriam-Webster [PAR] 2 : impoverish <defections had bankrupted the party of its brainpower> ... ruined 
financially; especially : judicially declared a bankrupt <the company is bankrupt> 
 compare insolvent ... bank letter  bank line ... 8 Old Words for Young People.