Because federal law offers little guidance for continually-failing schools, the Center on Education Policy (CEP) conducted a study from August 2006 to January 2007 in Michigan to explore questions of what happens after restructuring, particularly to schools that continue to fail to meet achievement targets. Because it had an accountability system in place before No Child Left Behind (NCLB), Michigan had schools in restructuring earlier than other states and was one of the first states in the nation to have schools fail to meet achievement targets for multiple consecutive years. Reported findings include: (1) About two-thirds of Michigan's restructured schools raised achievement enough to meet adequate yearly progress targets; (2) More schools are now using turnaround specialists, while fewer schools replaced the principal or used the "any-other" option; (3) Multiple strategies are better; (4) Grants help leverage change; (5) The Michigan Department of Education audits schools in their fifth, sixth, or seventh year of NCLB improvement; (6) Financial difficulties hinder restructuring; and (7) Case study schools had commonalities in reform efforts. This study is part of a series of CEP analyses of the No Child Left Behind restructuring process in selected states, conducted as part of a broader national study of NCLB. To date, results indicate that there are no simple quick fixes for restructuring under NCLB, and that schools that implement multiple strategies for improvement are more likely to meet achievement targets. (Contains 11 tables.) [This report was written with Jack Jennings and Diane Stark Rentner.]