Row right up close to boat on the rocks (8)
I believe the answer is:
bankrupt
'on the rocks' is the definition.
(I've seen this before)
'row right up close to boat' is the wordplay.
'row' becomes 'bank' (I've seen this before**).
'right' becomes 'r' (common abbreviation).
'close to' suggests the final letters (the close/ending of).
The last letter of 'boat' is 't'.
'bank'+'r'+'up'+'t'='BANKRUPT'
(Other definitions for bankrupt that I've seen before include "no credit to him" , "Smashed old < bust" , "Cleaned out" , "Insolvent debtor" , "Person legally declared to be unable to pay debts" .)