Bankrupt work of art (4)
I believe the answer is:
bust
I believe this is a triple definition!
'bankrupt' is the first definition.
(I've seen this before)
'work' is the second definition.
(I have seen 'Work of art' mean 'bust' so perhaps 'work' could also mean 'bust')
'of' is a link.
'art' is the third definition.
(I know that bust is a type of sculpture)
(Other definitions for bust that I've seen before include "Head-and-shoulders statue" , "Broken; statue" , "Break" , "Sculpture of head and shoulders" , "Penniless" .)