A judge has rejected suspended Falcons quarterback Michael Vick’s plan to emerge from bankruptcy, but he is giving Vick another chance as he nears the end of his prison sentence on federal dogfighting charges. Judge Frank J. Santoro called Vick’s plan unworkable Friday, saying it would leave the suspended NFL star with up to a $9 million “hole” on top of the payments he would have to make to his creditors. As of December, Vick had $16 million in assets and $20.4 million in debts, court records show.
The judge added that some of Vick’s plans to make money once he gets out of prison are speculative — including a $600,000 proposal for him to star in a documentary. And Santoro suggested that Vick should consider selling more of his assets, including one of the two houses he wants to keep for himself and his mother in Virginia.
