Managed to get rid of loot (7)
I believe the answer is:
ransack
'loot' is the definition.
(I've seen this before)
'managed to get rid of' is the wordplay.
'managed' becomes 'ran' (both can mean organised or was in charge of).
'to get rid of' becomes 'sack' (as in sacking a worker).
'ran'+'sack'='RANSACK'
(Other definitions for ransack that I've seen before include "Plunder or turn upside down in search" , "Pillage, plunder" , "Plunder - rummage" , "Harry" , "Pillage, loot" .)