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Discover LudwigThe phrase "flat broke" is correct and usable in written English
You can use it to refer to a situation in which someone has no money at all. For example, "After losing his job, John was flat broke and had to move back in with his parents".
Exact(58)
Flat broke, Ms. Gutierrez wound up selling it for a paltry $50,000.
Flat broke after a series of management wrangles, the Clash were working quickly to make up lost ground.
Flat broke, he fled to San Francisco to wait tables.
Flat broke, Ferraro took the job delivering flowers for an Italian widow and her daughter, who pressured him to start snipping petals.
A budget can be a critical method of making sure you don't overspend and end up flat broke in your bank.
Grandal treats hitting like an oil prospector on the prowl, boom or bust, filthy rich or flat broke.
"I'm flat broke.
Ms. Sweetland, however, is flat broke.
"I was flat broke," she said.
Similar(2)
If we go through this another year, we'll be flat-broke out of business".
Clearly I attended Flat Broke Elementary School.
More suggestions(2)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com