Well, it all depends on which schools you are looking at and their application deadlines. If you are able to submit all of your information EXCEPT your gmat, you might be able to pull it off. But man, you have lots of work to do. Verbal can be pretty hard to pull up. By your score, I would say the RC, SC and CR all need some work. Quant can be addressed.
Also, if you are a working professional, I would wonder how many hours a week you can truely dedicate to studying.
I would suggest, and this is only a suggestion, that you postpone school for one year and spend lots of time reading. Not novels and such. But perdiocals. Scientific America. Discover. The Atlantic Monthy. The Economist. I read these magazines tons and my verbal score was pretty nice. These should help you improve your RC. You have some work ahead of you, partner. Good luck!