Vick looks to repay creditors and resume career – Yahoo! News
NORFOLK, Virginia (AFP) –
Disgraced former National Football League star Michael Vick will have creditors vote on his bankruptcy repayment plan after a judge's ruling Friday as he tries to resume a gridiron career.
Former superstar quarterback Vick served a 23-month prison sentence for his role in a dogfighting ring that saw him dropped by the Atlanta Falcons and hounded by protesters after revelations he used gruesome methods to kill dogs.
Vick did not speak after Friday's Chapter 11 bankruptcy hearing, at which judge Frank Santoro ruled Vick's plan can be considered by creditors since none objected. A confirmation hearing was set for August 27.
Santoro had rejected an earlier Vick plan, saying Vick kept too much for himself. The new plan has Vick selling off more assets and handing over more of his future income to creditors.
That future income is based upon a return to the multi-million-dollar deals of the NFL following his conditional reinstatement by NFL commissioner Roger Goodell that allows Vick to sign with a club and resume play by week six of the season.
Vick, 29, said he is “getting close” to making a deal but gave no more details. While several teams have said they are not interested in Vick, he is expected to draw looks from some teams and from clubs in lesser leagues with less money to offer.
Mail this post
