Found July 08, 2008 on JoeSportsFan: Yardbarker Blogger Network
It's been a long while since we've had fun at the expense of Michael Vick. Too long a while, to be exact. While scrubbing dishes and playing football in prison, Vick has also find time to officially file for Chapter 11 Bankruptcy: Vick cited debts of $10 million to $50 million in Chapter 11 papers filed yesterday in U.S. Bankruptcy Court in Newport News, Virginia. He listed assets valued at between $10 million and $50 million. The seven largest creditors listed in the court papers are owed a total of about $12.8 million. This really shouldn't be surprising, given that Vick abandoned a contract that would have totaled $100 million in favor of running a dogfighting ring. Some of the debt he's trying to smooth over is from part of the signing bonus money the Falcons attempted to recover, though it looks like they'll only receive $3.75 million of the $20 million that was to go to Vick. Vick also owes $4.5 million to Joel Enterprises and $550,000 to Radtke S...
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