Call it a Comeback: After Losing It All, Michael Vick Is Nearly Done with $20M Bankruptcy Debt

Call it a Comeback: After Losing It All, Michael Vick Is Nearly Done with $20M Bankruptcy Debt

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BY:  John “Hennry” Harris

Michael Vick has shown that he has more “bounce back” than the Michelin Man.  In August 2007, Vick pleaded guilty to federal felony dog fighting charges and served 21 months in prison followed by two months of house arrest.

At the time, Vick was the highest paid and most recognizable player in the NFL.  The loss of his NFL salary, product endorsement deals, combined with financial mismanagement, placed Vick on his financial and professional death bed.  Vick filed for Chapter 11 bankruptcy in July 2008.

Now, the 2010 NFL Comeback Player of the Year is once again a starting quarterback and ready to cross another personal hurdle: escaping bankruptcy and paying off all of his massive debts.  The payment is nearly $20 million, owed to dozens of creditors, and is a feat far greater than he has ever achieved on a football field.

Since being released from prison, Michael Vick has made noticeable, life-altering changes and has fought to regain his position in the NFL and repair his broken image in society.

“It was a problem life dealt me,” Vick told the Newport News about having to file Chapter 11 bankruptcy before going to prison. “The most important thing to me was just to get myself back to doing what I love to do: play football. I was blessed to be able to come out of prison and get my body back in shape to play.”

According to the Virginian-Pilot, Vick’s pending U.S. Bankruptcy Court case in Norfolk, VA will be settled in the coming months.

Vick said he felt obligated to repay his debts. “It was one of my goals.”

Those 548 days in federal prison shaped and molded Michael Vick into a self-admitted better person.  Vick recently restructured his contract and took an $8 million pay cut to run the Philadelphia Eagles high powered offense.  Vick also got his Nike endorsement back.  On June 30, 2012, he married Kijafa Frink in Miami Beach, FL and will soon be from under the thumb of bankruptcy.  Mature and grateful, life is good for #7.

 

 

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5 comments

  1. I wanted to say thank you for encouraging the Kayden Family to reach out to the people, God bless you for all you have done. Kayden is so special and I feel privledged to share what I can. Kayden is going to go far in life. Thank you cynthia

  2. I THINK MICHAEL VICK IS A GREAT FOOTBALL PLAYER, AND HE PAID FOR HIS MISTAKES. SOME PEOPLE NEED TO LET IT GO, THE PEOPLE THAT SAID THEY HOPE HE SUFFERS, WELL WHAT MAKES YOU THINK HE DID NOT SUFFER, YOU NEED TO LET IT GO. MICHAEL YOU GO OUT THERE AND PLAY THE BEST YOU CAN, REMEMBER WHO YOU ARE , AND THAT IS A GREAT FOOTBALL PLAYER. I LOVED TO WATCH YOU PLAY FOOTBALL. JUST REMEMBER YOU HAVE A LOT OF FANS OUT THERE THAT DO LOVE YOU.

  3. Katie Stonacek Schmidt

    You need prayers!

  4. I'm just appalled every time I hear he gets hired and paid MILLIONS again. The man should be shoveling compost somewhere. And I know people say he paid his dues, he did NOT. If he wants to pay his dues let someone pour lighter fluid on him and light it up and set him off down the field to see how far he gets like he did those poor animals. He belongs in a cage forever not collecting tons of money. Shame shame that the NFL is more interested in money than who represents them. They don't care if you're a dog abuser, wife abuser, druggie, hoodlum, murderer, doesn't matter, they will pay huge money to ANYONE. I won't let the NFL on my TV, I hope others feel the same.

  5. Ms. Windle missed English class in school right? Atrocious grammer

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