Broke and was bound up (8)
I believe the answer is:
strapped
This could be a double definition.
'broke' is the first definition.
(strapped for cash)
'bound up' is the second definition.
'strapped' can be an answer for 'bound' (strapping is a kind of binding). I am not certain of the 'up' bit.
'and was' is the link.
Can you help me to learn more?
(Other definitions for strapped that I've seen before include "beaten" , "broke" , "Without, or very short of, money" , "Bound" , "Like one who may need a loan" .)