Tool handles not appearing after PSD import

I have tried importing this psd in as many different ways as possible because I know some times there are bugs but no matter what I do I can't get the handles to appear for any of the tools. I have created new after effects files, renamed the psd, tried going back and forth between different import settings to try and trick it back but it isn't working. Only the small gray bounding boxes appear - no ability to move or rotate or change the anchor. Other files work fine. I have removed all layer styles and opacity from the psd file which shouldn't matter but that didn't help either.