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"