Vick Files For Bankruptcy
POSTED: 9:56 am PDT July 8,
2008
Newport News, VA -- (Sports Network) - Suspended Atlanta Falcons quarterback Michael Vick filed for bankruptcy protection Tuesday.The imprisoned Vick, who is currently serving a 23-month prison sentence in Leavenworth, Kan. on federal dogfighting charges, filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday claiming to owe between $10 and $50 million to various creditors. The debt includes a $3.75 million pro-rated signing bonus that the Falcons are attempting to recover. After pleading guilty last year to financially supporting a Virginia-based dogfighting ring, the disgraced Vick was subsequently suspended indefinitely by the NFL without pay and lost all his major corporate sponsors.
Copyright 2008 Courtesy of The Sports Network.
















