crisis
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On the brink of disaster
To be in a critical situation where a catastrophic event or failure is imminent.
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Abandon ship
To leave a difficult or failing situation, especially quickly and in a rush, due to impending disaster or collapse.
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We've hit rock bottom
To reach the lowest possible point in a difficult situation, often implying that things can only improve from here.
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On the brink
At a critical point where something significant, often dangerous or transformative, is about to happen.
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Teetering on the brink
To be in an extremely precarious or dangerous situation where a negative outcome is imminent or highly probable.