How did you remove the debts? Did you highlight the 2 debts in the editor and click remove?
Did you also save the data and enable it when you started the game?
I am playing on a edited database where to make it easier (as im not great at this game yet.) i removed all man u's debt and yet i still have a financial crisis.
lol, I'm actually impressed! did you remove their money aswell or something? they start with loads in the bank if i remember correctly??
Looks to me like you've gone bankrupt, happened to me once in fm 10, with man utd. youve basically spent too much or removed money or stuff. the admins will come in, flog ur best players and leave after a few months if your lucky.