We study fracture and delamination of a thin stiff film bonded on a rigid substrate through a thin compliant bonding layer. Starting from the three-dimensional system, upon a scaling hypothesis, we provide an asymptotic analysis of the three-dimensional variational fracture problem as the thickness goes to zero, using Gamma-convergence. We deduce a two-dimensional limit model consisting of a brittle membrane on a brittle elastic foundation. The fracture sets are naturally discriminated between transverse cracks in the film (curves in 2D) and debonded surfaces (two-dimensional planar regions). We introduce the vectorial plane-elasticity case, applying the rigorous results established for scalar displacement fields, in order to numerically investigate the typical cracking scenarios encountered in applications. To this end, we formulate a reduced-dimension, rate-independent, irreversible evolution law for transverse fracture and debonding of thin film systems. Finally, we propose a numerical implementation based on a regularized formulation of the fracture problem via a gradient damage functional. We provide an illustration of the capabilities of the formulation exploring complex crack patterns in one and two dimensions, showing a qualitative comparison with geometrically involved real life examples.