Did the French ever pay back its massive debt to the Knights Templar?

In 1305, the new Pope Clement V, based in France, sent letters to both the Templar Grand Master Jacques de Molay and the Hospitaller Grand Master Fulk de Villaret to discuss the possibility of merging the two Orders. Neither was amenable to the idea, but Pope Clement persisted, and in 1306 he invited both Grand Masters to France to discuss the matter. De Molay arrived first in early 1307, but de Villaret was delayed for several months. While waiting, De Molay and Clement discussed charges that had been made two years prior by an ousted Templar. It was generally agreed that the charges were false, but Clement sent King Philip IV of France a written request for assistance in the investigation. King Philip was already deeply in debt to the Templars from his war with the English and decided to seize upon the rumours for his own purposes. He began pressuring the Church to take action against the Order, as a way of freeing himself from his debts.

On Friday, October 13, 1307 (a date sometimes incorrectly linked with the origin of the Friday the 13th superstition)Philip ordered de Molay and scores of other French Templars to be simultaneously arrested. The arrest warrant started with the phrase : "Dieu n'est pas content, nous avons des ennemis de la foi dans le Royaume" ["God is not pleased. We have enemies of the faith in the kingdom"].

[link to en.wikipedia.org]