A portmanteau of skank and bankruptcy.
'The economy is so bad Paris Hilton declared skankruptcy!' -- Jay Leno
by mrmojorisinva April 28, 2009
1 more definition
When a black man dates an unattractive white woman for the express purpose of using her good credit.
I know she fat and gout a fucked up grill, but after that weekend in Vegas a nigga had to declare skankruptcy.
by algol February 10, 2015