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.
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
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, 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
Steps that involve formation of a Corporation
Preparation of a will is a major footstep to workout the allotment of your estate after your demise. Nevertheless, did you know:
Probate can be avoided through living trusts and moreover, you might even reduce or completely eliminate federal estate taxes for your estate. But:
Disclaimer: The aforesaid attorney is licensed to practice law within the state of Michigan only.