A cautionary term used to describe a single woman with child.
"Yea shes cute, but she's got a kid man. She's bangrupt... You better bail!"
Likely instances that indicate the woman is bangrupt:
barista over the age of twenty one
waitress at an Irish pub
White girls living in Hawaii
Black girl smelling of babypowder
Lives in Huntington Beach, drives Camry circa 92-98
Knows the hottest happy hours in town
Has read the "Twilight" saga