Time bankruptcy results from the deliberate over-commitment of core resources.
You’d know the symptoms, if not the name. You’re fighting to put out the fires from customer complaints, or incomplete work, or are suffering from an inability to focus upon new development or new customers before cleaning up the mess inside your organization.
I created the term “time bankruptcy” almost thirty years ago when the computer software business was young, and I was a software developer building a young company based upon quality first. Asked to speak at software industry events, I found my voice and immediate audience understanding as I described variants of these problems to my audience.