When The Checks Stop Coming In

- By Bossip Staff Categories: News, Sports, When The Checks Stop Coming In

Posted by Bossip Staff

Mike Vick is back in the news:

Imprisoned quarterback Michael Vick is seeking bankruptcy protection, saying he owes between $10 million and $50 million to creditors.

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.

Poor thang.

Source

Thanks Elle

Comments

  • Marquis de Sade

    First

  • Only for the cool section

    That Bites!!

  • shesofine

    That’s too bad…. when it rains it pours!!!

  • http://anonymous@yahoo.com anonymous

    oh please… first who cares?

  • Marquis de Sade

    See Vick, this is what happens when you kick a poor dog when it’s down. Karma dude…Afterall, dog spelled backwards is GOD!

  • Only for the cool section

    You quick man. Here is my thing the NFL can wipe they butt with 3.75 mil. Call that a wash and lets see if Vick has any bark left when he gets out of the dogg house.

  • @@@

    see what happen when niggs get a little bit a money

    the invest in dog fight……what happen to stock, bonds, real estate etc…..i just love when these black super star come crumbling down….cause they are some dum mofo….i just love it ….good for him

    * make him an example , there is more to come *

  • SWEET CHEEKS

    Well it is what it is….

    All over some damn dogs…

    SMDH

  • MissNee

    Poor thing my ass! He deserves everything he gets

  • @@@

    Did you know that companies in the US have said they would hire a white man with a felony record and no high school education BEFORE they would hire a black man with NO criminal record and a 4-year degree?

    raves +10 -13 by Judge Mental posted 12 hours ago

    On July 23 at 9pm and July 24 at 9pm, CNN will premier a series, ‘Black in America with Soledad O’Brien’ and I personally challenge you to watch it WITH your children, especially your sons, if you have any, uninterrupted. The aforemention statistic and many others will be revealed during the series.

    I had the privilege of meeting with Soledad O’Brien and actually SEEING this premier on Monday, and what I saw brought tears to my eyes and anguish, frustration, and a sense of helplessness to my soul.

    On Monday the series will focus on Women and Families and Tuesday is dedicated entirely to the plight of the Black Man in America .

    PLEASE watch and internalize what you see and hear; no matter HOW disturbing the information revealed

  • http://en.gravatar.com/avatar/e084de98d1f3d8ab064d94a7476117fd?s=80&r=any WyzePro

    Miss Underwood…are you 216?

  • WhatsYoursIsMine

    Who photoshopped that picture?! Because those hands look grotesque…..

  • Just Sayin

    Dam, He went broke quicker then MC Hammer.

    That’s like light speed type broke.

    :-/

  • http://www.google.com Man, I just don't care

    Don’t worry Vick, you will get another contract. You just too talented for someone not to take a chance. Hope it’s the 49ers….

    Nope, the Niners don’t aprrove of black QB’s.

  • LaLaLaLovely

    Damn…. Now was the money from the dogfighting really worth it Vick?… They should have at least let him get his priorities straight before taking him to jail though… It’s not like he’s a murderer… T.I still aint went to jail on those gun charges… Oh well!

  • Doagae

    OUCH!!! this is getting uglier by the day…..but I know he still has more money than I do…..

  • 6 Figgaz

    Chap 11? Smart move. Wash the debt and start over.

    That’s how you do it…

  • http://www.google.com Man, I just don't care

    Yall know how that legal system works. It’s about money,power, respect, fame etc……… then fairness(?).

    He should paid his entourage to keep quiet but he waited too long. R.Kelly realized right away who to pay.

  • pm

    @ $m♥K.E.Y. on video

  • Al-Anon

    Michael Vick’s story is a tragedy. Here is a man that has natural athletic prowess and was well paid for it. Michael made more money in one year than most of us will make in an entire working career of 40 years. Yet he CHOSE to squander his good luck, his money and his reputation for some cheap titillating thrill of dog fighting. He CHOSE to spend his money on cars, houses, women (child support), drugs and dog fighting.

    After all of this, he will have nothing to show for it. He’ll have to pick himself up and start all over again. Next time, if there is a next time…….we hope he’ll be smarter.

    Remember Michael Vick……….Michael Who?

  • http://www.google.com Man, I just don't care

    He’s too rare a commodity not to get out and get another huge contract. If the NFL is paying him $100 mil. contracts think about how much they are making off of him.

    He’ll still be young and athletic enough to play. Look at Latrell Sprell and Pacman Jones.

  • $m♥K.E.Y.

    @pm

    YES ON VIDEO!!!!

    how could i forget that part, sheesh!!

    thank you

  • Lou in the Chi

    He gets a year for bankrolling a dog fight. but two white marines are caught on tape throwing a dog over an overpass and laughing about it(they taped themselves) and all they got was a discharged from service. Justice in America.

  • sniper

    Too bad he couldnt get Chapter 7

  • bree

    ok, he better have some cash stashed somewhere..he can’t be that stupid..right?

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