What does the cryptic crossword clue "Bankrupt's lamenting having wasted £1,000 (4)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Bankrupt's lamenting having wasted £1,000 (4)

Guardian Cryptic #26826 | 24 Down | 2016-03-08 flower

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