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dankruptcy 

Not having weed. Like bankruptcy, but DANKruptcy. Ya kno?
Tom- "I declare dankruptcy! I needa cop some more bud."
dankruptcy by takeatoke January 22, 2011

hood bankruptcy 

when you go so broke, you sell your video game consoles.
bruh i just went into hood bankruptcy and had to sell my ps4 and xbox-one.
hood bankruptcy by eval October 25, 2020

Arse Bankruptcy

Usually applied for when you have the trots but its got to the fizzy gob point where there is nothing left to yield.
Being very ill with a stomach complaint for a significant period of time,

i.e
Pete- Wheres Dave then Stu?
Stu- He's been off work with the gutrot, its been three days now he must be at the point of Arse bankruptcy
Arse Bankruptcy by Anders Par November 9, 2010

Spank Bankruptcy 

The exceedingly rare state of having an overdrawn account at one's local spank bank. Such a tragedy can be caused by making constant withdrawals without the foresight to make any deposits. This state is usually temporary as the realization that one's account is overdrawn is immediate and there is abundant material ripe for deposit on the interwebs.
'I heard Orren had a mean case of "Spank Bankruptcy" the other day.'

"Oh yeah? What happened?"

"I think he was taken aback at first but I'm sure he just browsed the grade 9 section of the yearbook a bit and got right back on the horse"

"Attaboy O-Dog"
Spank Bankruptcy by Grumbleweeds September 26, 2011

dankrupt 

aye we need to hit the weed spot dawg we dankrupt
dankrupt by fotweny November 18, 2004

Moral Bankruptcy 

n.

1. A declaration at some point during the evening (it may be declared by friends or a self-declaration), that you are now totally lacking in moral principles or quality for the remainder of the evening; Unscrupulous;

2. Depleted of valuable qualities or characteristics
Yo, my man has a wedding ring and is grinding on everybody in this club... I guess he's declared moral bankruptcy.

Friend: That girl is hella drunk. Since I already declared moral bankruptcy, I'm calling dibs.
You: Damn son, you are one grimy son of a bitch.