The Michigan Debt Management Act Business History Form is a document used by the Department of Treasury to collect information on a business's history of debt management practices. It is used to determine the suitability of a business to qualify for a debt management program. The Michigan Debt Management Act Business History Form is divided into two parts. The first part requests information about the business's history of debt management practices, such as delinquent accounts, collections, bankruptcies, and other related information. The second part requests information about the business's financial condition and ability to repay its debt. There are several types of Michigan Debt Management Act Business History Forms. These include: • Business History Form 1: For businesses that have been in operation for less than five years. • Business History Form 2: For businesses that have been in operation for more than five years. • Business History Form 3: For businesses that have previously filed for bankruptcy. • Business History Form 4: For businesses that are seeking a debt management program for the first time.