The laws we understand break down. The event horizon protects our universe from the singularity. Anything that falls past the event horizon can't get out. Actually the roles of space and time reverse inside a event horizon. Once inside the event horizon you have to hit the singularity.
Physicists wet their pants in terror just thinking about.
What is life like near a black hole. First off - black holes do not suck the entire universe in. If you are not at the event horizon you can, with enough force escape a black hole. Photons which do make it out from close to a black hole do get very strongly redshifted because the must fight to escape the enormous pull. If you fell into a black hole you would get torn apart before you actually hit the event horizon.