Michigan- From Motor Town to Hi-Tech State

Michigan state in the Midwest with a population now over 10 million people. Traditionally, Michigan has been the center of the American automotive industry for about 100 years. These jobs are lately in jeopardy, with the decline of U.S. based manufacture of cars, and the location of foreign car companies in other, mostly southern regions of the United States. Still manufacturing in automotive, steel and other heavy industry has a place in the Michigan economy. This could be the source of your idea for your Michigan Incorporation . Michigan industry has expanded into hi-tech fields, and there is a strong appeal to tourism particularly around the forests and hunting opportunities of Michigan.

Michigan Bankruptcy – Walk Away With Debt

The term Michigan bankruptcy relate to bankruptcy cases being filed in Michigan City and percentage of cases booked under different chapters of bankruptcy code of US federal court.

Michigan bankruptcy laws are not different from Las Vegas bankruptcy laws as both falls under chapters 7, 9, 11, 13. Under chapter 7, though the loan is totally waved off but still you are responsible for child support, alimony, student loans, fraudulent debts, etc. Relief under chapter 7 is available to individuals, married couples, business corporate and partnership firms. Though there are certain exemptions still granted while filing the case under Michigan bankruptcy laws chapter 7 viz. you can keep your home where you are staying retirement dues, motor vehicle etc. Married couples can double the amount of exemption. In case you opt for second exemption that is also granted however limited to certain basic requirements a man needs for survival .You should also be aware that within weeks of filing a bankruptcy under Chapter 7, you must file any overdue tax returns. In certain case under chapter 7 the court appoints a trustee who takes stock of your non-exempt assets and sells it off to arrange payment to creditors.

Michigan bankruptcy laws clearly defines that if your income is below average as per Michigan city norms then your case is dealt as insolvent or with no assets. However after duly checking your income during the last six months, meaning you don’t possess any non exempt assets which the trustee could sell to pay back to creditors and therefore you are cleared of repaying back. After thorough screening most of the cases are not cleared under chapter 7 and therefore one has no other option than to opt for chapter13 bankruptcy. The moment one files for bankruptcy in court, the debtors cannot collect debt from and in fact, it brings automatic stay to maintain status qua on your property and respite from litigation by creditor. In fact, now your creditors cannot collect debt from you directly until the settlement of case by the court.

However, it may be stressed that filing bankruptcy does not mitigate your sufferings but rather adds to your woes-you loose social standing, shameful, emotional breakdown, credit rating and credibility in the long run.

As such, it is always advisable to avoid bankruptcy in order to live a honorable and illustrious life in the society. To ensure not falling into such a shameful situation, one should ensure to manage his finances/ income very wisely. At the beginning of each month one should first pay off all the credits whether credit card payments or cash loans and then with the remaining balance money in hand should manage the expanses in such a way that you are never short of funds. But this whole exercise requires restrain and control and in fact this is the key to your happy life.

Chrysler Breaks Ground for New Phoenix Engine Plant in Michigan

Marking another momentous milestone in the progress of its turnaround plan, the Chrysler Group earlier hosted a groundbreaking ceremony at the site of the future Trenton Phoenix Engine Plant in Michigan. The $730 million engine plant is part of the automaker’s $3 billion Powertrain Offensive as announced in February.

At groundbreaking ceremony were Michigan Governor Jennifer Granholm, Wayne County Executive Robert Ficano, Trenton Mayor Gerald Brown, UAW Vice President General Holiefield and other public officials. They were joined by the Chrysler Group executives.

“Today’s groundbreaking ceremony commemorates an important growth milestone for Chrysler Group and for the City of Trenton,” said Frank Ewasyshyn, the Chrysler Group Executive Vice President for Manufacturing. “Constructing our new plant at this site also confirms the commitment of Chrysler Group to investing in the communities where we do business and supporting economic development throughout the State of Michigan. This new plant will enable us to develop products that are designed to meet changing consumer tastes for more fuel efficient vehicles.”

The 822,000-square-foot Trenton Phoenix Engine Plant will produce a new family of fuel efficient V-6 engines, known inside the Chrysler Group as “Phoenix” engines. In time, the Phoenix family of V-6, designed to compete with Hypertech and other refined engines, will decrease manufacturing intricacy by paring the company’s four present V-6 architectures to one. The production of which is set to begin in 2009.

The plant will be situated adjacent to the Trenton Engine Plant, on Van Horn between Fort Street and Jefferson. The Trenton Phoenix Engine Plant will have an annual manufacturing capacity of 400,000 to 440,000 engines. Once the plant is completely equipped, the Trenton Phoenix Engine Plant will employ 485 full-time workers.

“These engine plants help cement Michigan’s position as the world’s leader in automotive innovation and excellence and show what can happen when state and local governments work with business to make our state competitive,” Governor Jennifer M. Granholm said. “From investing in our workers to creating a business-friendly climate throughout the state, we are working every day to attract new automotive companies and other industries that will bring jobs and grow here in Michigan.”

“We appreciate the confidence Chrysler Group has shown in its workforce by this continuing investment in powertrain operations, which will help preserve good-paying manufacturing jobs,” said General Holiefield, the UAW Vice President, who directs the union’s DaimlerChrysler Department. “UAW members at Trenton are 100 percent dedicated to quality, and we’re excited to participate in building the next generation of fuel-efficient engines for Chrysler’s great line-up of vehicles.”

The new Michigan plant of the American automaker will have an aggressive labor agreement that integrates Smart manufacturing initiatives, volume-bundled parts purchasing, flexible CNC-based machining, volume-bundled capital investment and standardized tooling.

The total cost of the building, land improvements and equipment mirrors one of the Chrysler’s biggest capital investments in the city. Since 2003, the Auburn Hills automaker has invested $4.4 billion in its Southeast Michigan manufacturing operations.