Distracted when its back in the money (7)
I believe the answer is:
frantic
'distracted' is the definition.
(I've seen this before)
'its back in the money' is the wordplay.
'its' becomes 'it' (I've seen this in other clues).
'back' says the letters should be written in reverse.
'in the' is an insertion indicator.
'money' becomes 'franc' (former currency of France).
'it' in reverse letter order is 'ti'.
'ti' placed into 'franc' is 'FRANTIC'.
'when' acts as a link.
(Other definitions for frantic that I've seen before include "Mad" , "Phrenetic" , "Distraught with fear" , "Frenetic" , "having kittens" .)