Go Back   New Orleans Saints - blackandgold.com > Main > Saints > NFL
Shop Horizontal

Mike Vick 29 Million Gone 29 million

this is a discussion within the NFL Community Forum; Report: Michael Vick has gone through $29 million since 2008 | Shutdown Corner - Yahoo! Sports...

Like Tree1Likes

Reply
 
LinkBack Thread Tools Display Modes
Old 10-03-2012, 06:49 PM   #1
Moderator
 
Join Date: Sep 2007
Location: New Haven Ct
Posts: 17,553
Mike Vick 29 Million Gone 29 million

Report: Michael Vick has gone through $29 million since 2008 | Shutdown Corner - Yahoo! Sports
QBREES9 is offline   Reply With Quote
Latest Blogs
Is this Manning's last Hurrah? Last Blog: 04-16-2014 By: SmashMouth


Landry over Beckham Jr. Last Blog: 04-12-2014 By: joker-saint


Saints Free Agency 2014 Last Blog: 03-11-2014 By: SmashMouth


Old 10-04-2012, 03:40 AM   #2
1000 Posts +
 
Join Date: Oct 2009
Location: Nottinghamshire, UK
Posts: 3,694
Re: Mike Vick 29 Million Gone 29 million

I bet 10 million was legal charges, hiring lawyers etc
dizzle88 is offline   Reply With Quote
Old 10-04-2012, 06:10 AM   #3
1000 Posts +
 
Join Date: Jan 2012
Location: "Si quaeris peninsulam amoenam, circumspice"
Posts: 4,246
Blog Entries: 15
Re: Mike Vick 29 Million Gone 29 million

According to TMZ, Vick has banked $31 million since he filed for bankruptcy in 2008, and has spent nearly all of that ... All of which leaves Vick with about $1.5 million currently, which isn't bad for a guy who's bankrupt ... He can make substantially more than that if he stays with the Eagles past this year, but there's no guarantee that will happen ... But again, $35.5 million is guaranteed to be coming his way, no matter how poorly he plays.
How is a guy with $1.5 million on hand and $35.5 million guaranteed allowed to declare bankruptcy? "The math is pretty simple -- Vick had to pay a total of $29.6 mil -- of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses."

I'm sorry, but you can still live pretty well on $1.5 million with $35 million guaranteed in today's economy.
SloMotion is offline   Reply With Quote
Old 10-04-2012, 06:45 AM   #4
Site Donor
 
Join Date: Sep 2010
Location: in line with my ridiculous CLEAR PLASTIC BAG
Posts: 2,562
Blog Entries: 3
Re: Mike Vick 29 Million Gone 29 million

Valtrex is expensive, I guess.
SaintsBro is offline   Reply With Quote
Old 10-04-2012, 07:38 AM   #5
Site Donor
 
Join Date: Feb 2010
Posts: 1,695
Re: Mike Vick 29 Million Gone 29 million

One, I do not like him. Two, I do not see how the NFL, why, took him back. Next, he is , has ben paid an obscene , crazy, multimillions x 10, amount of pay and I really don't think he is that good.
Losing money...not knowing how to handle that kind of money, it is all really sad.
He is still due 35.5 mill , it will be interesting to see what will be left after that.
QBREES9 likes this.
OldMaid is offline   Reply With Quote
Old 10-04-2012, 10:34 PM   #6
Moderator
 
Join Date: Sep 2007
Location: New Haven Ct
Posts: 17,553
Re: Mike Vick 29 Million Gone 29 million

Just plain crazy
QBREES9 is offline   Reply With Quote
Old 10-04-2012, 10:50 PM   #7
Merces Letifer
 
Join Date: Dec 2004
Posts: 3,274
Re: Mike Vick 29 Million Gone 29 million

Originally Posted by SloMotion View Post
How is a guy with $1.5 million on hand and $35.5 million guaranteed allowed to declare bankruptcy? "The math is pretty simple -- Vick had to pay a total of $29.6 mil -- of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses."

I'm sorry, but you can still live pretty well on $1.5 million with $35 million guaranteed in today's economy.
There are different levels of bankruptcy. Vick could've filed for Chapter 13, which is basically a court supervised payment plan that allows you to protect valuable assets, like real estate.
Tobias-Reiper is offline   Reply With Quote
Old 10-05-2012, 04:56 AM   #8
1000 Posts +
 
Join Date: Jan 2012
Location: "Si quaeris peninsulam amoenam, circumspice"
Posts: 4,246
Blog Entries: 15
Re: Mike Vick 29 Million Gone 29 million

Originally Posted by Tobias-Reiper View Post
There are different levels of bankruptcy. Vick could've filed for Chapter 13, which is basically a court supervised payment plan that allows you to protect valuable assets, like real estate.
He filed for Chapter 11 and has been living on some sort of debt-reorganization plan that allows him $300,000.00 a year for living expenses since getting out of prison.

What a mess.

Trustee in Michael Vick Chapter 11 Case Files Adversary Proceeding - National Bankruptcy Forum
SloMotion is offline   Reply With Quote
Old 10-08-2012, 09:57 PM   #9
1000 Posts +
 
Join Date: Dec 2009
Location: Shreveport, LA
Posts: 4,060
Re: Mike Vick 29 Million Gone 29 million

And he'll be the first to sue the NFL for something when all his money is gone.
Srgt. Hulka is offline   Reply With Quote
Old 10-09-2012, 10:39 AM   #10
Site Donor
 
Join Date: Dec 2010
Location: Land Mass between LA and AL
Posts: 3,351
Re: Mike Vick 29 Million Gone 29 million

To many shots to the head.
Mardigras9 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules


All times are GMT -5. The time now is 03:11 PM.


Copyright 1997 - 2013 - BlackandGold.com
no new posts