be busted

Also, go bust. Become bankrupt, financially ruined. For example, Who knew that the brokerage firm would be busted? [ ; early 1800s ]

Also see: under go broke

Also, get busted. Be demoted, as in If you're caught gambling you'll get busted to private. This usage originated in the military and still most often denotes a reduction in rank. [ c. 1800 ]

Also, get busted. Be arrested or turned over to the police, as in The gang members were sure they'd get busted. [ Mid-1900s ]