Mike Vick 29 Million Gone 29 million

SloMotion · 10-04-2012, 06:10 AM

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.

10-04-2012, 06:10 AM	#3
SloMotion 5000 POSTS! + Join Date: Jan 2012 Posts: 6,776 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.