In the red (9)
I believe the answer is:
overdrawn
'in the red' is the definition.
(I've seen this before)
This is all the clue.
(Other definitions for overdrawn that I've seen before include "The big spender's account may be so" , "is no longer credited" , "lacking a healthy balance?" , "having incurred obligations" , "Cartoonishly exaggerated" .)