A reference to something bad, bad luck or something surprising in a bad way. This term had always been associated to financial ruin in the past, but, now can be used in any situation that someone failsepic fails or experiences bad circumstance.
Said also as an expletive, This term is used as a replacement for ufck or ish. Bankrupt is the opposite of lotto.
After our first argument, I decided to make up and do something special. I stopped at the florist on my way home from work, when the shop owner asked who the flowers were for I misspelled my girlfriend's name. Bankrupt!
I log off and restart every time I see that guy online, cheating punk! Last time he got inside the ceiling and camped there the whole game. It was so bankrupt, he would shoot through the walls but you couldn't so much as touch him once he got there. People like that take all the fun out of playing.