How did you go bankrupt?
Bilbo had encountered a nearly unsolvable problem.
He wanted to work for Thor, and for some reason, he would rather work for free than take any money.
Thor, however, asked him to name his price.
Pay first, work later!
Bilbo knew very well that any part-time job or work that required upfront payment was a scam.
Thor actually wanted to politely refuse Bilbo.
But Bilbo really needed Thor's help.
Weighing the pros and cons, Bilbo gritted his teeth and said,
"Master Thor, the Baggins family was once the richest in the Core City of Truth..."
Mike nodded slightly, he knew about this.
And then?
Bilbo looked at Manager Foreskin with pleading eyes.
After the Baggins family went bankrupt, most goblins were in debt, and in order to repay their debts, they all worked for Foreskin.
After the Mystic Market was established, the Baggins goblins naturally became the labor force of the Mystic Market.