Help! Parking Brake problem.

New poster here with a couple of questions.

In a parking lot today, I pulled up on the emergency brake handle and it came up really fast with no resistance. It looks like the cable that goes to the handle snapped. There is a little piece still attached to the handle mechanism and its frayed on the end. So, now I can't engage my parking brake.

I don't know much about brake systems so is this a major problem? Is it something that I can hold off fixing for awhile. Also, I have an assigned parking space at work and its on an incline. Could my car possibly roll back if I can't engage my parking brake? Any advice is greatly appreciated.

By the way, this is a 96 Cobra with a standard transmission.
 
Dude, if you have to park your car on an incline as you said then get that thing fixed asap. Just having it in gear will keep it from rolling quickly but over the course of a day it will slowly turn the motor and roll downhill. If you can't get it fixed right away then at least go to Home Depot or something and buy some blocks for the tires.