Aces High Bulletin Board
General Forums => The O' Club => Topic started by: rpm on July 09, 2008, 05:46:05 AM
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Just seven months after Michael Vick was sentenced to federal prison, the fallen Falcons quarterback found himself in a "precarious financial position" and filed for bankruptcy protection. One of his creditors is the Falcons.
In Chapter 11 documents filed in federal court in Virginia on Monday, Vick cites debts of between $10-50 million dollars. He also cites assets in the same range.
In the court documents, Vick lists seven creditors, including the Falcons, that are owed a total of $12.8 million. The debt to the Falcons is for $3.75 million, listed as a pro rated signing bonus. The documents indicate the claim is disputed.
A Falcons spokesman said the team would not comment on Vick's bankruptcy.
ageMoring. "This will give him the opportunity when he gets out to start his life fresh."
The largest of Vick's creditors is Joel Enterprises with a claim of $4.5 million. Andrew Joel, a Richmond sports agent, filed a lawsuit against Vick in 2006 claiming he reneged on an endorsement deal agreed upon after leaving Virginia Tech early for the NFL.
Another creditor listed is Radtke Sports, of Woodstock, for $550,000. According to the attorney for Radtke, Vick had an exclusive autograph deal with the company and that he can no longer fulfill his obligation due to his imprisonment.
"He is in the process of paying his debt back to society for the federal prosecution," said Peter R. Ginsberg, Vick's attorney with the New York firm of Crowell and Moring. "This will give him the opportunity when he gets out to start his life fresh"
Stupid is as stupid does.
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Not surprising in the least.
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Also, I think he went to the same School Of Stupid that Latrell Sprewell and Travis Henry went to.
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his brother is almost as worthless a human being as he is........... mom must be so proud.
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I'd say it would be a tie there between them. Not almost worthless, totally worthless. In fact I'd say Marcus was even more worthless.
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I've always seen it spelled: Doggone
Don't know why that came to mind but......well, there it is.
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"Dog" and Michael Vick...
I'll let you do the math, Yeag.
Bummer about the Yes tour, eh?
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I don't know why he can't sign autographs in prison. A picture of him in prison stripes running in front of pursuing dogs would be a great autograph shot. :huh
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He just doesn't want to sign auto's while in the can. It'll up his street cred even more for when he gets out.
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oh.....now I get it.
Yeah it sucks. I hope they can eventually get back on tour.