If you are 90k in debts then you are in no risk of losing your team. According to game manual:
"If you go into debt, you will be charged a 5% penalty each week until you are positive again at the time of a economic update. If you drop below -$500k, you must get out of debt within two weeks or your key players will be put on the transfer list at a starting price of zero. If after selling your players you are still not out of bankrupcy, you will be fired as manager at the next economic update. Bankrupcy is calculated first in the economic update and active bids on your players do not count as money you have to avoid bankruptcy."
As it is written, you first need to have 500k debt and then you need to repeat this for two weeks.
I don't know what salary floor you got in your division but surely you must make a profit with minimum salaries? If not your staff costs must be ridiculous and you should immediately sack stuff to get back on profit on a weekly basis.
One way of getting good help is that you actually post your "Baseline weekly income" numbers.
From what I read I am sure that you are in no crisis at all economically. Your poor economy will of course give you poor chances of competing in your division but that is something very different than to lose your team. Looks like if you are ready to adjust your spendings to what you can afford you will be very far from bankrupcy.