Thursday, August 27, 2009

Mike Vick Happy $20M Bankruptcy Plan Approved

RICHMOND, Va. (AP) — A judge on Thursday approved Michael Vick's plan to repay creditors $20 million and emerge from bankruptcy, and the quarterback hustled out of court to prepare for his return to an NFL field later in the night with the Philadelphia Eagles.
U.S. Bankruptcy Judge Frank J. Santoro said while Vick is "at the pinnacle of his profession," he has proven unable to manage his finances in the past and ordered him to retain a financial planner as a condition of approval. The reorganization was overwhelmingly approved in a ballot of creditors and by their representatives in court. FULL STORY HERE

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