'Bankrupt' in the Bible
The Lord knows that peoples' thoughts are morally bankrupt.
The earth is also become bankrupt under its inhabitants because they have transgressed the laws, falsified the order, broken the everlasting covenant.
But now, since you know God, or rather have become known by God, how can you turn back again to the weak and bankrupt elemental forces? Do you want to be enslaved to them all over again?