Saying quarterback Michael Vick has proven incapable of properly managing his money, U.S. Bankruptcy Judge Frank Santoro has ordered Vick to hire a personal financial planner to manage his football earnings.
The condition is part of a plan approved today by Santoro for Vick to repay $20 million to his creditors , as reported by the [...]
Entries Tagged as 'Michael Vick'
Financial planner part of Vick bankruptcy plan
August 27th, 2009 · No Comments · Michael Vick, bankruptcy
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Santoro rejects Vick bankruptcy plan
April 3rd, 2009 · No Comments · Michael Vick
U.S. Bankruptcy Judge Frank Santoro today turned thumbs down on Michael Vick’s initial plan for paying back debtors with a revived career in pro football.
The Virginian-Pilot reports Santoro rejected the plan because there was no guarantee Vick’s football career would produce the projected income. Santoro will give Vick another chance to propose a plan.
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No sale for Vick’s Georgia home
March 11th, 2009 · No Comments · Michael Vick
No qualified bidders appeared at an auction for Michael Vick’s home near Atlanta.
Meanwhile, a Norfolk bankruptcy judge hears arguments today on whether Vick should be forced to come to court.
USA Today gets both stories on one page.
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Vick may get home confinement
February 27th, 2009 · No Comments · Michael Vick
Michael Vick has been cleared for home confinement this spring because there’s no room at a halfway house.
The Richmond Times-Dispatch, citing an AP report, said that the U.S. Bureau of Prisons had cleared Vick for home confinement as early as May 21 with electronic monitoring and close supervision by a parole officer.
He will [...]
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Vick headed home soon
January 30th, 2009 · No Comments · Michael Vick
Michael Vick’s lawyers say the pro quarterback serving time for dog fighting soon will be placed in a halfway house in Newport News.
Vick could be released “any day,” one of his lawyers told the bankruptcy judge today, according to the Daily Press. Vick is currently serving his sentence at a federal prison in Leavenworth, Kan.
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Judge to weigh Vick bankruptcy plan
January 30th, 2009 · No Comments · Michael Vick, bankruptcy court
Michael Vick’s lawyers return to bankruptcy court today with their revised financial disclosure statement. Last month, U.S. Bankruptcy Judge Frank Santoro ruled the first disclosure statement insufficient and ordered a new one.
The court will also consider issues related to the sale of some of Vick’s cars, his boats and his house in Georgia, reports the [...]
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Vick plan doesn’t score with creditors
December 11th, 2008 · No Comments · Michael Vick, bankruptcy
Major creditors in Michael Vick’s bankruptcy case object to his disclosure statement, saying the statement lacks detail on his finances and on his prospects of returning to the NFL.
The Daily Press reports that the disclosure statement, submitted last month, showed millions in unexplained cash withdrawals and transfers over the last two years.
“With such large [...]
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No long-distance guilty plea for Vick
October 30th, 2008 · No Comments · Michael Vick
Circuit Judge Samuel E. Campbell today denied a defense request to allow former quarterback Michael Vick to plead guilty to state dog-fighting charges by video conference.
The judge agreed with Surry County Commonwealths Attorney Gerald Poindexter that Vick should have to enter his pleas in person, according to the Daily Press. The county will pay to [...]
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Vick will plead to state dog charges
October 21st, 2008 · No Comments · Michael Vick
Michael Vick, professional quarterback and amateur dog trainer, looks to be smoothing his path to re-entry into the football business.
Documents in the Surry County courthouse indicate that Vick will plead guilty to his new state dog fighting charges. Resolution of those pending charges might clear the way for a halfway house placement, as reported by [...]
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Vick lawyer wants mediator
October 3rd, 2008 · No Comments · Michael Vick, bankruptcy
Lawyers for Michael Vick have asked a federal bankruptcy judge to appoint a mediator to help settle his financial obligations with creditors.
As reported by the Associated Press, Judge Frank J. Santoro told a representative of several creditors to make sure mediation would be acceptable to them before he appoints a mediator.
If he makes it back [...]
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