Hasty MP broke and close to bankruptcy agreement (8)
I believe the answer is:
sympathy
'agreement' is the definition.
(I've seen this before)
'hasty mp broke and close to bankruptcy' is the wordplay.
'broke' indicates anagramming the letters.
'and' means one lot of letters go next to another.
'close to' indicates one should take the final letters (the close/ending of).
The final letter of 'bankruptcy' is 'y'.
'hasty'+'mp'='hastymp'
'hastymp' with letters rearranged gives 'sympath'.
'sympath'+'y'='SYMPATHY'
(Other definitions for sympathy that I've seen before include "Feeling of pity and understanding towards another's difficulty" , "Understanding for the suffering of others" , "Feeling like another" , "Fellow-feeling in time of trouble" , "Fellow-feeling in time of grief" .)