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Vick files for bankruptcy protection July 08, 2008 9:16 AM RICHMOND, Va. Imprisoned quarterback Michael Vick is seeking bankruptcy protection, saying he owes between $10 million and $50 million to creditors.
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. |
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