Michael Vick Files for Bankruptcy Protection

Former NFL star quarterback Michael Vick, who is currently serving a two-year sentence on dogfighting charges, has filed for bankruptcy protection, claiming that he owes up to $50 million in creditors.

It’s amazing how quickly stars can fall…

Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors.

Vick filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday. The seven largest creditors listed in the court papers are owed a total of about $12.8 million.

Vick is serving a 23-month prison sentence at the U.S. Penitentiary in Leavenworth, Kan., after pleading guilty last year to bankrolling a dogfighting ring. He was subsequently suspended indefinitely without pay and lost all his major sponsors, including Nike. He also faces state charges related to dogfighting.

The suspended Atlanta Falcons quarterback “will seek to rebuild his life and career” upon his release, according to the filings.

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