To ordain just to escape debt is wrong. But one doesn't have to ordain to escape unsecured debt. One can write-it-off by bankruptcy.
But to ordain in order to live holy life to the perfection, that is really good. To hold person away from such, is very wrong, IMHO.
Modern life almost requires that one accumulates debt, and it is almost impossible to be without debt in the modern western world. In the economic downturn, it is too easy to have debt above what can be paid in reasonable time. Death can come at any moment and IMHO the holy life is far more important than giving some fat cats bigger electronic numbers.
Being in debt is not itself a disqualifier. Just how much debt was Angulimala in? He killed 999 people! The monetary, and most importantly other kind of debt, was really big. He ordained and become an Arahant. It would be terrible if he didn't ordain, (in order to pay off debt and make up to the victim's families), and remain a worldling...
"Life is a struggle. Life will throw curveballs at you, it will humble you, it will attempt to break you down. And just when you think things are starting to look up, life will smack you back down with ruthless indifference..."