Your team is under the limit of $ -400,000
You have 1 week to improve your financial situation (meaning that you need to be above the limit at the same time next week). If you will not be able to do that, then your club will be declared bankrupt.
got this today how did it get to 400,000? it was 330000

well working on it . just want to say thank to does that have show me that the want to help thanks alot again

You're in serious trouble. Your league game will only bring in $20,000. And your friendly will bring in just over $5,000. You need to sell some very good players on your roster, or you will lose your team. If you want to, you could message me, and I'll advise you on what to do.

No offense or anything but since he just joined the game about a month ago would it be better just to let the team go bankrupt and start again with knowledge from past mistakes?

I can see teams who've been building for 6 months or a year wanting to sell off players or do whatever necessary to survive but in this case it might be just as good to start new. But this is obviously an individual choice from person to person so good luck either way.