Mike Vick 29 Million Gone 29 million

QBREES9 · 10-03-2012, 07:49 PM

Report: Michael Vick has gone through $29 million since 2008 | Shutdown Corner - Yahoo! Sports

dizzle88 · 10-04-2012, 04:40 AM

I bet 10 million was legal charges, hiring lawyers etc

SloMotion · 10-04-2012, 07:10 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.

SaintsBro · 10-04-2012, 07:45 AM

Valtrex is expensive, I guess.

OldMaid · 10-04-2012, 08:38 AM

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 · 10-04-2012, 11:34 PM

Just plain crazy

Tobias-Reiper · 10-04-2012, 11:50 PM

Originally Posted by SloMotion

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.

SloMotion · 10-05-2012, 05:56 AM

Originally Posted by Tobias-Reiper

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

Srgt. Hulka · 10-08-2012, 10:57 PM

And he'll be the first to sue the NFL for something when all his money is gone.

Mardigras9 · 10-09-2012, 11:39 AM

To many shots to the head.

10-03-2012, 07:49 PM	#1
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	Mike Vick 29 Million Gone 29 million Report: Michael Vick has gone through $29 million since 2008 \| Shutdown Corner - Yahoo! Sports

10-04-2012, 04:40 AM	#2
dizzle88 10000 POST CLUB Join Date: Oct 2009 Posts: 11,208	Re: Mike Vick 29 Million Gone 29 million I bet 10 million was legal charges, hiring lawyers etc

10-04-2012, 07:10 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.

10-04-2012, 07:45 AM	#4
SaintsBro Site Donor Join Date: Sep 2010 Location: in line with my ridiculous CLEAR PLASTIC BAG Posts: 3,650 Blog Entries: 3	Re: Mike Vick 29 Million Gone 29 million Valtrex is expensive, I guess.

10-04-2012, 08:38 AM	#5
OldMaid Site Donor 2014 Join Date: Feb 2010 Posts: 2,910 Blog Entries: 3	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.

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10-04-2012, 11:34 PM	#6
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	Re: Mike Vick 29 Million Gone 29 million Just plain crazy

10-04-2012, 11:50 PM	#7
Tobias-Reiper Merces Letifer Join Date: Dec 2004 Posts: 4,161	Re: Mike Vick 29 Million Gone 29 million Originally Posted by SloMotion 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.

10-05-2012, 05:56 AM	#8
SloMotion 5000 POSTS! + Join Date: Jan 2012 Posts: 6,776 Blog Entries: 15	Re: Mike Vick 29 Million Gone 29 million Originally Posted by Tobias-Reiper 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

10-08-2012, 10:57 PM	#9
Srgt. Hulka 1000 Posts + Join Date: Dec 2009 Location: Shreveport, LA Posts: 4,417	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.

10-09-2012, 11:39 AM	#10
Mardigras9 Site Donor 2015 Join Date: Dec 2010 Location: Land Mass between LA and AL Posts: 4,375	Re: Mike Vick 29 Million Gone 29 million To many shots to the head.