Friday Public Action Report
Time now for another installment of the Public Action Report. Before we get into the actio... Read more...
Tue 8th, July 2008
Newport News, VA (Sports Network) - Suspended Atlanta Falcons quarterback Michael Vick filed for bankruptcy protection Tuesday.
The imprisoned Vick, who is currently serving a 23-month prison sentence in Leavenworth, Kan. on federal dogfighting charges, filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday claiming to owe between $10 and $50 million to various creditors.
The debt includes a $3.75 million pro-rated signing bonus that the Falcons are attempting to recover.
After pleading guilty last year to financially supporting a Virginia-based dogfighting ring, the disgraced Vick was subsequently suspended indefinitely by the NFL without pay and lost all his major corporate sponsors.
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Time now for another installment of the Public Action Report. Before we get into the actio... Read more...
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