Hey Adrian...
yes there are equations and your question makes perfect sense.
There are a lot of aspects to black holes...how they form, do they 'create' galaxies, how do they disappear, when do they disappear, which stars and matter formd black holes, how do they affect space and time around them, how do they affect nearby planets,stars,space dust, what do you see when you fall into one, what is on the other side,etc,etc...
As a general guide, the mathematics associated with black holes [BH] is quite complicated.
No one view gives all the insights associated with black holes. Associated with BH are a SINGULARITY at the center and a surrounding HORIZON. That's what the math says. In fact there are several different horizons. So use the descriptions of experts who have studied the math in detail. Nothing inside the horizon is visible to us...the horizon blocks our measurement access from the outside.
What makes descriptions confusing is that some math and insights are global [only valid from a distance] and others are local [what you see as you fall into a black hole]. Also, it turns out free falling observers [those freely falling with gravity, both near and far] see different things than those who are 'stationary'; a stationary observer is one who accelerates,say outside the horizon, via rocket power.
After you have read some general background that interests you, such as the links below and those suggested by others, if you want to learn more, search BLACK HOLES in these forums...there are VERY detailed discussions you can read...that's how I learned a lot of the details.
You can even just read posts in those threads from just a few people, like PAllen, PeterDonis, Chronos and Zapper to name a few...their descriptions have proven insightful...accurate.
That way you can get through more discussions faster.
There are some video illustrations of black holes colliding here:
http://www.black-holes.org/explore2.html
Try seaching for the three exact solutions of Einstein's equations:
[The mathematics is so complex, these are the only exact solutions that have been found.]
a non spinning, non charged black hole
http://en.wikipedia.org/wiki/Schwarzschild_radius
Reissner-Nordström black hole if the angular momentum is zero
a Kerr-Newman black hole if it has both angular momentum and electric charge.
and here are some reliable sources with good descriptions
http://math.ucr.edu/home/baez/physics/Relativity/BlackHoles/fall_in.html
http://www.jimhaldenwang.com/black_hole.htm
also, I can't find the link, but Steve Carlip has some good descriptions
For some alternative ideas, including those from string theory and quantum mechanics,check out black hole complementarity...very little math, lots of insightful descriptions:
http://en.wikipedia.org/wiki/Black_hole_complementarity
Susskind has a really cool book THE BLACK HOLE WAR which you can buy cheap online which describes his ideas and how he and t'Hooft eventually convinced Stephen Hawking their views were correct. The book shows how the development of such ideas takes special persistence, the efforts of many and following your own beliefs despite criticism from others.