Posted by Bossip Staff
Mike Vick is still in financial turmoil:
Michael Vick is losing nearly $12,000 a month according to court documents filed Tuesday in his bankruptcy case. Vick’s Schedule of Assets and Liabilities, admittedly incomplete, were filed with the U.S. Bankruptcy Court and obtained by the Atlanta Journal-Constitution Wednesday. In the documents the imprisoned Falcons quarterback lists average monthly expenses of $12,225 and a monthly income of just $277.69. The difference is $11,947.31. Vick’s monthly income is solely derived from a benefit pension plan and does not include the wages of 12 cents per hour he earns working in prison. Vick, serving a 23-month federal prison sentence on felony charges related to dogfighting, filed Chapter 11 bankruptcy last month. Vick lists total assets of just over $10 million. He also lists nearly $19 million is liabilities, which includes claims, some disputed, against him by creditors.
Vick’s current monthly expenditures for one of his Virginia homes is listed below. The document will be amended to reflect Vick’s other homes, according to the court documents.
Rent or mortgage payments: $4,500
Electricity and fuel: $700
Water and sewer: $100
Pest control: $400 (3-4 months)
Home maintenance: $400
Laundry and dry cleaning: $75
Medical and dental: $300
Transportation (not car payments): $1,800
Charitable contributions: $800
Auto insurance: $550
Medical maternity bill: $200 (for complications from birth of London Vick, youngest daughter)
Damn, all this because of some snitchin ass family members. SMH.