flat busted meaning
- [American slang]
Go to flat broke.
- If both are flat busted, you'll have even more trouble collecting, even when the law is on your side and you sue.
- Day added, " I have seen a case with $ 400, 000 of clear out-and-out tax evasion where I knew they could get a conviction, but they would not prosecute, and then they go after an out-of-work guy who phonied up $ 5, 000 of charitable deduction receipts, which is clear fraud, because they knew the guy was flat busted and had no money to fight back ."