Wednesday, July 09, 2008

Michael Vick Files For Bankruptcy

Michael Vick Vick filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday...
The seven largest creditors listed in the court papers are owed a total of about $12.8 million. Vick is serving a 23-month prison sentence at the U.S. Penitentiary in Leavenworth, Kansas, after pleading guilty last year to bankrolling a dogfighting ring. He was subsequently suspended indefinitely without pay and lost all his major sponsors, including Nike. He also faces state charges related to dogfighting. According to the filing, the debt includes a $3.75 million prorated signing bonus the Atlanta Falcons are seeking to recover.

Oh, and get this, when the Feds were investigating Mike's dogfighting ring, they came up on a web page that listed fight results for Mike's dogs and they never won! The web site said that Mike's dogs Homicide lost to Maniac, Bandit lost to Red Rover, and one dog Mike-Mike lost, after fighting for three hours and five minutes, to Dragon. Out of 10 fights recorded, Mike's dogs lost seven!