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Michael Vick Files Bankruptcy ~ Owes $10 to $50 Million In Debt
Former Falcon Michael Vick filed for bankruptcy protection yesterday in Virginia and claims between $10 to $50 million in debt. (Peep the full document (.pdf) and calculate it for yourself!) One of his creditors is his former employer, the Atlanta Falcons, who he owes $3.75 million as a pro-rated signing bonus.
Of the six other creditors listed in the court documents three are banks, including two that recently won judgments against Vick. The largest creditor is Joel Enterprises, Inc. with a claim of $4.5 million. (Source)
Why did I think that he’d already filed bankruptcy? Anyway…I feel like all of you some-timey Falcon’s fans need to chip in and send Mike a few bills. After all…his birthday was just last week! Holla at your boi.
MsCollipark
July 10, 2008 @ 1:09 amI still love Vick and hope he comes out on top.
Sincere
July 13, 2008 @ 8:36 pmI’m still trying to figure out how you make what $20+ mil a year and taking out millions in loans for stuff.. I mean a car rental biz and stuff? come on.. I hope the brother comes out of this okay somehow in the end.