Manage to catch one for bankruptcy (4)
I believe the answer is:
ruin
'bankruptcy' is the definition.
(thesaurus)
'manage to catch one' is the wordplay.
'manage' becomes 'run' (I've seen this before).
'to catch' means one lot of letters goes inside another.
'one' becomes 'i' (Roman numeral).
'run' going around 'i' is 'RUIN'.
'for' is the link.
(Other definitions for ruin that I've seen before include "State of devastation and destruction" , "Irreparably damage" , "Destroy; downfall" , "Destory or bankrupt" , "Spoil, impoverish" .)