Location Statute of Limitations Collection Agency Bond and License General Garnishment Exemption
  Open Account Years Contract in Writing Years Domestic Judgements Years Foreign Judgements Years Bond License Fee **
MICHIGAN 6 6 10 (renewable) 10 $5,000-$50,000 Yes* $225 $125 ren. $125 mgr. (non-owner) $50 mgr. (owner) See federal law.

 

STATES HAVING COMMUNITY PROPERTY LAWS
Arizona California  Idaho  Louisiana  Wisconsin
Nevada  New Mexico  Texas  Washington

** Federal law exempts from garnishment 75% of Open Contracts Domestic Foreign disposable earnings per work wk. or an amount equal Accounts in Writing Judgments Judgments to 30 x fed. min. hourly wage, whichever is greater.

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