basket case

Definitions

Cars & Driving

  • noun an old car, often in a dilapidated condition, partly or completely dismantled and lacking certain parts, so that it requires a total restoration involving considerable expense and effort

Commerce

  • noun company which is in financial difficulties and is not likely to recover

Slang

  • noun a helpless invalid, a person who is mentally and/or physically incapacitated. Originally an Americanism, this expression (a variant of cot-case) has become widespread in recent years. It is now often used in journalists’ jargon to refer to an irrevocably ruined enterprise.
http://www.dictionarycentral.com/definition/basket-case.html