is bankruptcy like getting baptized?

Well you kinda of have the gist of it but Baptism goes way beyond even this,

Christians have always interpreted the Bible literally when it declares, "Baptism . . . now saves you, not as a removal of dirt from the body, but as an appeal to God for a clear conscience, through the resurrection of Jesus Christ" (1 Pet. 3:21; cf. Acts 2:38, 22:16, Rom. 6:3-4, Col. 2:11-12).

Thus the early Church Fathers wrote in the Nicene Creed (A.D. 381), "We believe in one baptism for the forgiveness of sins."

And the Catechism of the Catholic Church states: "The Lord himself affirms that baptism is necessary for salvation [John 3:5]. . . . Baptism is necessary for salvation for those to whom the Gospel has been proclaimed and who have had the possibility of asking for this sacrament [Mark 16:16]" (CCC 1257).

The Christian belief that baptism is necessary for salvation is so unshakable that even the Protestant Martin Luther affirmed the necessity of baptism. He wrote: "Baptism is no human plaything but is instituted by God himself. Moreover, it is solemnly and strictly commanded that we must be baptized or we shall not be saved. We are not to regard it as an indifferent matter, then, like putting on a new red coat. It is of the greatest importance that we regard baptism as excellent, glorious, and exalted" (Large Catechism 4:6).

Yet Christians have also always realized that the necessity of water baptism is a normative rather than an absolute necessity. There are exceptions to water baptism: It is possible to be saved through "baptism of blood," martyrdom for Christ, or through "baptism of desire", that is, an explicit or even implicit desire for baptism.

Thus the Catechism of the Catholic Church states: "Those who die for the faith, those who are catechumens, and all those who, without knowing of the Church but acting under the inspiration of grace, seek God sincerely and strive to fulfill his will, are saved even if they have not been baptized" (CCC 1281; the salvation of unbaptized infants is also possible under this system;

Interesting point, that's where you start, bankrupt -- depraved, totally, and realizing you are in need of a debt solution. Baptism is therefore a covenant, like a notarized letter I suppose, pointing to your new arrangement with the Bank. I like it.

It is just admitting your nothingness, poor in spirit. We start here. We must be this before we can have any kind of spiritual growth.

I think your thinking process needs some improvement.

Also, neither of them are going to get you anywhere special.