Usagi already said "CPA has ceased to exist"
Why are you arguing about semantics ?
That is not the definition of bankrupt:
http://oxforddictionaries.com/definition/english/bankrupt?q=bankruptDefinition of bankrupt
adjective
1 (of a person or organization) declared in law as unable to pay their debts
2 completely lacking in a particular good quality
noun
a person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of their creditors.
Did Usagi declared insolvency? There are evidence which indicates that he is not able to pay back the CPA debt?