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Michigan Laws and Legal Materials

Welcome to OVLG’s Michigan laws and legal information center. Know state laws, legal information, court information, links to state government websites, and much more.


Overview of debt consolidation & settlement

Debt consolidation is a typical debt relief plan, in which several debt obligations are accumulated into one single monthly obligation. Apart from this, a debt consolidation program also consists of interest rate negotiation in order to help the debtor avail a lower monthly payment. On the other hand, a debt settlement program helps you negotiate your total outstanding balance so that you may end up paying much less than the original amount accrued.

Additional legal resources for consumers

  1. Michigan state debt collection laws
  2. Payday loan laws in Michigan
  3. Statute of limitations (SOL) on debt

Michigan bankruptcy laws

As of a system of the federal law, Chapter 7 or Chapter 13 bankruptcy filings are identical in most of the US states, including Michigan. However, before you file for bankruptcy within Michigan, it’s mandatory to complete credit counseling with an agency approved by the US Trustee’s Office.

Few key points to consider:

  • In Michigan, Equipment, inventory, farm products and motor vehicle used in business of debtor or dependent exempted up to the extent of $ 1,000.
  • Household goods, appliances, books and necessary utensils are exempted up to the extent of $ 1,000.

» Know more about Michigan bankruptcy laws

Company formation in Michigan

In Michigan, incorporating a corporation can be done by filing the needed documents and fees with the Secretary of State. However, apart from just filing documents with the Secretary of State, there are some additional filing provisions that you need to know.

Steps that involve an LLC formation

  • Choosing a business name for the LLC
  • Filing articles of organization with the Secretary of State
  • Negotiation and execution of operating agreement
  • Obtaining local licenses
  • Fixing tax and other regulatory obligations
  • Opening a bank account

» Details of LLC formation in Michigan

Steps that involve formation of a Corporation

  • Choosing the corporation’s business name
  • Founding the board of directors
  • Recruiting corporation’s officers
  • Organizing shareholders’ meetings
  • Recruiting a professional registered agent
  • Working on corporation taxes

» Details of incorporating a corporation

Michigan wills and living trusts

Preparation of a will is a major footstep to workout the allotment of your estate after your demise. Nevertheless, did you know:

  • What are the basic requirements to file a will?
  • What are the purposes of a will?
  • How to change or revoke wills?
  • What probate and estate taxes are all about?

» Read more to know the answers

Probate can be avoided through living trusts and moreover, you might even reduce or completely eliminate federal estate taxes for your estate. But:

  • What is a trust?
  • Who are the parties to a trust deed?
  • What is a "living trust"?
  • What is an irrevocable trust?
  • Should you have a living trust?

» Read more to know the answers

Additional State Legal Resources

Disclaimer: The aforesaid attorney is licensed to practice law within the state of Michigan only.


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Disclaimer: The contents of this web site are not intended to establish an attorney-client relationship, provide the reader with legal advice, or substitute for legal advice from an attorney.
  • The debt settlement program typically lasts between 6 months to 4 years time.
  • At least 30% of the debt amount per creditor needs to be accumulated in the trust account for OVLG to give the creditor any settlement offer.
  • Not all creditors or debt collectors will accept a reduction in the balance, interest rate, or fees a customer owes such creditor or debt collector.
  • Pending completion of the represented debt-relief services, the customer's creditors or debt collectors may pursue collection efforts, including initiation of lawsuits.
  • That the use of the debt-relief service will likely adversely affect the consumer's creditworthiness, may result in consumers being sued by their creditors, and may increase the amount owed to creditors as a result of the accrual of additional fees and interest.
  • Savings a customer realizes from use of a debt-relief service may be taxable income.
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