You write about a Clasic Black Hole, Korjik. Clasic Black Hole has Mass/Radius=c^2/2G and its mass is under an Event Horizon. In this case everything collapses into a singularity - it is a theory about it.

I write about a moment before the star reaches a Schwarzscild Radius and there is no theory how to cross an infinite time dilation, mass increase, length contraction. You may read arguments of Chapline and Laughlin - prophessional physicists (Nobel laureate).
http://www.newscientist.com/article....ine-news_rss20

I would like to prove that classic Black Hole does not exists because there is always kinetic energy more than gravitational potential energy.
Kinetic energy is 0,5 mv^2 and centrifugal force 0,5mv^2/r
Gravitational force is GmM/r^2 minus gravity of the outer mass.

We observe accretion disc around Black Hole like object and a matter falling down and jets from the Black Hole. The nature of the jets is not completely clear - you may read about it.
We observe binary stars and their collision - there are many unexplained questions.

A particle spiraling around a Black Hole reaches relativistic velocity close to speed of light. If all particles are moving with a relativistic velocity in a closed system before the star collapses under Event Horizon they will never create a Black Hole. They will exchange their kinetic energy like a nebula cloud.