Ex-NFL star Vick files for bankruptcy

0 Comments | AFP, July, 2008

NEWPORT NEWS, Virginia (AFP) — Former American football star Michael Vick filed for bankruptcy at a US Bankruptcy Court here, seeking Chapter 11 protection and citing debts between 10 million and 50 million dollars.

The former Atlanta Falcons quarterback has served seven months of a 23-month sentence on federal dogfighting charges and still faces state charges after financing the operation on nearby property in rural Virginia.

Vick, 28, listed a portion of the bonus money that the Falcons are trying to recover among the debts owed to creditors. The team paid Vick the bonus as part of a 10-year contract worth 130 million dollars that he signed in 2004.

Court documents revealed Vick's role in the operation, which included execution of poorly performing dogs...

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