Prophet Muhammad peace be upon Him explains to us who the bankrupt person is. And he says that it is a person who has a lot of good deeds, a lot of good deeds, but when they come on the Day of Judgment, they did wrong to people. So, Allah took those good deeds and actually gave them to the others, such that there were no more Good Deeds remaining.
So this is why Allah says when you do good deeds, make sure protect them by not engaging in harming others and come with them on the day of judgment, We will multiply that for you tenfold.
If a person does the bad deed, Allah instructs the angel to hold on not to write it against them yet for a period of time for a part of the day or a part of the night, why?
Perhaps this person might seek forgiveness. So there’s no need to write it yet. So we’re given a time after committing a sin to repent.
The guilt or the regret that a Believer feels immediately after committing a sin is actually the mercy of Allah subhanahu wa’ta’ala.