Judge approves Michael Vick's $20M bankruptcy plan

**Jason** · 08-27-2009, 03:23 PM

NEWPORT NEWS, Va. – 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.

Vick, 29, left the court soon after with his fiancee, Kijafa Frink, to catch a flight back to Philadelphia and make his debut with the Eagles in a preseason game. He was released from federal custody July 20 after serving 18 months of a 23-month sentence for his role in running a dogfighting ring.

http://news.yahoo.com/s/ap/20090827/...ick_bankruptcy

08-27-2009, 03:23 PM	#1 (permalink)
Jason Puppy Power Join Date: Dec 2001 Location: Pasco, FL Posts: 8,705 OS: Windows Vista My System	Judge approves Michael Vick's $20M bankruptcy plan NEWPORT NEWS, Va. – 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. Vick, 29, left the court soon after with his fiancee, Kijafa Frink, to catch a flight back to Philadelphia and make his debut with the Eagles in a preseason game. He was released from federal custody July 20 after serving 18 months of a 23-month sentence for his role in running a dogfighting ring. http://news.yahoo.com/s/ap/20090827/...ick_bankruptcy __________________ Posting Tips \| Advice for New People \| Common Fixes \| Agus na damnaithe fágtha gan focal Glaoigh ormsa i measc na naomh