The term 'HAD DEBTS' can be broken down into two crossword solutions: 'OWED' (4 letters) and 'RANATAB' (7 letters). OWED is a verb meaning to have an obligation to pay or repay something, usually money, to another person or organization. RANATAB is an acronym for 'Record of National Average Transaction Bank Account Balances', which is a record of the average amount of money held in bank accounts across the country. Together, these two solutions indicate that someone had financial obligations that they were unable to pay off.