Jailed dog abuser Michael Vick has filed for bankruptcy protection, according to new reports.
Chapter 11 documents filed in federal court in Virginia on Monday say Vick is between $10-50 million in debt.
Those legal bills are expensive!
The former football player also cites assets in the same range.
The court documents list seven creditors, including the Falcons, Vick’s old employers. The debt to the Falcons is for $3.75 million, listed as a pro rated signing bonus, but the documents state the claim is disputed.
Vick is currently serving a 23-month prison sentence in Leavenworth, Kansas, for his guilty plea in federal court to felony dogfighting charges.
His release date is July, 2009.
“He is in the process of paying his debt back to society for the federal prosecution,” said Vick’s attorney. “This will give him the opportunity when he gets out to start his life fresh.”
Too bad those dogs don’t have the same opportunity – to start their lives fresh!
[Image by Shannon McCollum via WENN.]
-
Categories
