Despite an overhaul of the bankruptcy laws in 1998, it is still awesomely difficult to foreclose on debts: the definition of bankruptcy turns on net worth, as opposed to cash flow, and the process is slowed down by a two-track system that separates forced restructurings from forced liquidations.
But I thought her two-track option was a really good idea, allowing young teachers to enter the system without tenure but with a much better salary upfront.