Within five days of first contacting you, the debt collector must send you a written notice of a debt. In Michigan, the statute of limitations for most types of debt, including credit card debt and personal loans, is six years.Default happens when you don't respond in a court case. This article explains what to do if your case is in default and how to avoid it. In Michigan, the statute of limitations is set to six years for most types of debts and contracts. The discharge "cancels" or "wipes out" most of the debt that you had at the time the bankruptcy was filed. This article addresses some of these challenges and hopefully guides a debt buyer to maneuvering through some of the challenges encountered in the courts. A successful debt management plan requires you to make regular, timely payments, and can take 48 months or more to complete. When an individual who owes you money dies, you should follow up for collection. If you have a court order in more than one county, please provide a copy of this form to each FOC office where you are seeking discharge of state-owed debt.