What does the cryptic crossword clue "Bankrupt rascal past his embarrassment (10)" mean?

The definition is "Bankrupt". The wordplay uses a charade (building blocks). anagram of IMP (synonym="rascal") + OVER (synonym="past") + HIS (synonym="HIS") = IMPOVERISH; definition: "Bankrupt" The answer is IMPOVERISH.

Bankrupt rascal past his embarrassment (10)

Guardian Cryptic #29366 | 14 Down | 2024-04-25 flower

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