Mike Vick 29 Million Gone 29 million
 

Re: Mike Vick 29 Million Gone 29 million
 

I bet 10 million was legal charges, hiring lawyers etc

Re: Mike Vick 29 Million Gone 29 million
 

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.

Re: Mike Vick 29 Million Gone 29 million
 

Valtrex is expensive, I guess.

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.

Re: Mike Vick 29 Million Gone 29 million
 

Just plain crazy

Re: Mike Vick 29 Million Gone 29 million
 

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.

Re: Mike Vick 29 Million Gone 29 million
 

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

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.

Re: Mike Vick 29 Million Gone 29 million
 

To many shots to the head.