Reactivate workspace (recommended method)
If a workspace is deactivated due to an outstanding payment, an owner of the workspace can reactivate it by following these steps
Log into the workspace.
Select the option to Reactivate Workspace.
Pay the outstanding invoice to restore full access for all members.
Create new workspace
If for any reason you would rather create a new Team workspace, be aware that none of the data from your deactivated workspace can be merged with this new Team workspace, which will begin as a blank slate.