They might have broken it with the disqualification update - although it is weird that they are qualifying for races without a manager and no finances.
I guess they had old parts from the time when the team was not yet bankrupt - in the new season the team should be inactive and gone from the game in season 27 (most likely they will be listed in div 3 next season)
This is interesting as I have returned and was allowed to continue with my old team which had 140m debt! As i was not a brand new team i did not get any starter parts and could not develop any as i had more than 5m debt! I had to get this debt cleared in order to begin just getting everything together for 1 driver to take part in the last race of last season. So somehow these bankrupt teams must be using old parts potentially exploiting a bug as all my parts were gone at the start of this season.