Young socialite gets lace torn in a bad fall (7)

I believe the answer is:

debacle

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'bad fall' is the definition.
'debacle' can be an answer for 'fall' (thesaurus). I am unsure of the 'bad' bit.

'young socialite gets lace torn' is the wordplay.
'young socialite' becomes 'deb' (I've seen this in another clue).
'gets' says to put letters next to each other.
'torn' indicates anagramming the letters.
'lace' anagrammed gives 'acle'.
'deb'+'acle'='DEBACLE'

'in a' is the link.

Can you help me to learn more?

(Other definitions for debacle that I've seen before include "foul-up" , "Utter disaster" , "Great disaster" , "Sudden disastrous collapse or defeat" , "A complete collapse or messy failure" .)

I've seen this clue in The Globe and Mail.

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