I'm in dire straits.

Meaning

I'm in a very serious and difficult situation.

Examples

• John: The project is failing.
• Alice: Oh dear, <b>I'm in dire straits</b> myself; I need help immediately.
• John: What can we do to salvage this?
• Alice: We need to act fast; we are both <b>in dire straits</b> and need to find a solution.