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Michael Vick is back in bankruptcy court

Try as he might, Michael Vick can’t shake free of the poor decisions he made a few years back.

Lester Munson of ESPN has an interesting follow up to the FOX 29 report PFT mentioned last week.  Vick is back in bankruptcy court and will have to explain a series of “embarrassing” financial decisions.  In the buildup to Vick’s arrest and bankruptcy declaration, Vick  wrote and cashed 67 checks payable to “cash” from his astounding 31 bank accounts.

Vick reportedly gave money to his family instead of paying off creditors.  It violates bankruptcy laws to give away assets to friends and family on the eve of a bankruptcy.

The court documents also reveal how Vick misused his resources.  He paid a total of $450,000 to the lawyers for his three co-defendants (including Quanis Phillips) in the dogfighting case.

Vick essentially paid the lawyer fees for his buddies so they could turn his back on him, make deals with federal prosecutors and prepare to testify against Vick, forcing him to plead guilty. 

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46 Responses to “Michael Vick is back in bankruptcy court”
  1. HappyBunny says: Jul 24, 2010 3:31 PM

    31 bank accounts?
    Jesus! I have trouble managing my three accounts!
    (Yes, I realize he has accountants who actually handle his money and that his only responsibility is to put a big “MV7″ on the signature line.)

  2. rambo says: Jul 24, 2010 3:32 PM

    Who cares about Vick’s bankruptcy? You people are trying to make a big deal out of nothing, people file bankruptcy everyday. Whatever money Vick gave his family or friends, it was his money and he can do with it as he pleases. He didn’t steal it, so what’s the problem, this is some thing the trustee should have addresses long ago, just another bunch of bull. Get over it, he will be in training camp come Monday. As hard as you have tried all this bull reporting was just a waste of time and meaningless.

  3. jeremiah says: Jul 24, 2010 3:32 PM

    they should neva gave these …….money!

  4. MrHumble says: Jul 24, 2010 3:32 PM

    Let’s just hope vick continues to get what he deserves becuz he will never ever learn………it’s crazy that the eagles, the nfl, goodell, prosecutors, courts etc. have given him as many “second chances” as they have.

  5. nittanylion0 says: Jul 24, 2010 3:35 PM

    but when Jeff Lurie, his wife, Andy Reid, and Joe Banner are proven correct and Vick is schooling fools on the field this year looking like the Vick of old, the endorsements will come rolling in and he’ll be right as rain!!
    /sarcasm

  6. Brewster says: Jul 24, 2010 3:43 PM

    It violates bankruptcy laws to give away assets to friends and family on the eve of a bankruptcy.
    ____________
    What? Michael Vick violated a law? Now that’s a surprise.

  7. tommy nobis says: Jul 24, 2010 3:47 PM

    Holy F@#k, when will this end?

  8. onlymyopinionmatters says: Jul 24, 2010 3:51 PM

    rambo says:
    July 24, 2010 3:32 PM
    Who cares about Vick’s bankruptcy? You people are trying to make a big deal out of nothing, people file bankruptcy everyday. Whatever money Vick gave his family or friends, it was his money and he can do with it as he pleases. He didn’t steal it, so what’s the problem, this is some thing the trustee should have addresses long ago, just another bunch of bull. Get over it, he will be in training camp come Monday. As hard as you have tried all this bull reporting was just a waste of time and meaningless.
    **************************************
    LMAO;
    The law disagrees with you. If you are filing bankruptcy you can not start draining your assets and “give” them away. The assets/money are supposed to be accounted for and used to pay off creditors. How would you feel if you loaned a person say $50,000 and filed a judgement against him to recover your money, but he emptied his bank accounts and “gave” away hundreds of thousands of dollars to friends and family, then filed bankruptcy to cut you out of what he owed you?
    I bet you wouldnt be claiming “its his money, he can do with it what he pleases”.

  9. cleanface says: Jul 24, 2010 3:53 PM

    Maybe that’s why his crew popped a cap in Quanis’ ass at this birthday party.

  10. packerfanfornot4life says: Jul 24, 2010 3:55 PM

    rambo says: July 24, 2010 3:32 PM
    Who cares about Vick’s bankruptcy? You people are trying to make a big deal out of nothing, people file bankruptcy everyday. Whatever money Vick gave his family or friends, it was his money and he can do with it as he pleases. He didn’t steal it, so what’s the problem, this is some thing the trustee should have addresses long ago, just another bunch of bull. Get over it, he will be in training camp come Monday. As hard as you have tried all this bull reporting was just a waste of time did u not read that giving assets away prior to bankruptcy is illegal?? plus the article is just written to show how stupid he is for not learning from his mistakes.

  11. dreamer says: Jul 24, 2010 4:00 PM

    Mike Vick is a good person who happened to make a lot of bad decisions. More often than not these Africans come from families without a father. They rely on their “posse” for direction. What happens then, NOTHING BUT BAD…guns, drugs, too many 40′s, women, animal abuse, et all!
    The NFL really needs to provide more support for its African players. Let’s see them walk the walk.

  12. djseabass68 says: Jul 24, 2010 4:05 PM

    Vick’s money is not to do with as he pleases. He owes millions of dollars to creditors and instead hepays off his friends lawyers and his family members. Bye the way, who the hell has 31 bank accounts who is on the up and up? I’d love to see his slimebag ass back in jail.

  13. steelerhypocrite says: Jul 24, 2010 4:10 PM

    Why is it that it seems the majority of idiots that file for bankruptcy are overpaid athletes, actors/actresses, singers, and the trash that wins the Lottery? Most of us that live on a shoestring budget at a young age and adapt to our lifestyle we get older. We may make more money, but we understand how to live within our means…unlike the aforementioned groups…oh yeah and Democrats.

  14. Rick says: Jul 24, 2010 4:11 PM

    actually it wasn’t his money. He owed that money to people and instead of being a man and paying his debt he did a scumbag move to hide the money from the bankruptcy court. Just another example of his character. He is a scumbag.

  15. TheWizard says: Jul 24, 2010 4:14 PM

    it was his money and he can do with it as he pleases.
    No, he can’t.
    Please read paragraph 3.
    No problem though, I’m sure it’ll be overlooked by everybody again.
    This guy gets more ‘second chances’ than any athlete I’ve ever seen.

  16. daffx4 says: Jul 24, 2010 4:15 PM

    He can set up a huge B-Day Bash for himself — But he can’t pay his bills? Child please….!

  17. Chiefs2010 says: Jul 24, 2010 4:20 PM

    this guy wasted his talent
    period.

  18. Hugh says: Jul 24, 2010 4:21 PM

    ^
    ^
    ^
    Waits for GreatWhiteHope/StupidRednecks/BlondBlueEyedDevil’s spin on this. You know he will blame it on the “white man” somehow.
    I really think Vick has got to be the stupidest person to ever get paid to play a sport. Which says a lot about his supporters.

  19. numberfour says: Jul 24, 2010 4:24 PM

    fraud…
    send them all to jail. do not pass go. do not collect $200.

  20. JimmySmith says: Jul 24, 2010 4:38 PM

    I could see if the money went to STD clinics to reimburse the girl friends of Ron Mexico but if the report is accurate, he is criminally liable and should expect to both pay back the money and serve jail time.
    Isn’t it time for the Eagles to stop cut his sorry ass and thereby cut off a revenue stream that just ends up in the hands of common criminals, thugs, punks and low-lifes, in other words, Vick’s buddies.
    Goodell, this just screams for you to intervene and put a stop to this madness. Ban him for life.

  21. Chiefs2010 says: Jul 24, 2010 4:43 PM

    jeremiah says:
    July 24, 2010 3:32 PM
    they should neva gave these …….money!
    _____________
    haha, Vick stopped over at my joint started rubbing his muddy boots into my couch…
    fu@k your couch,…….!

  22. famucancer says: Jul 24, 2010 4:43 PM

    Hi haters!! Dont you know this is the SAME report that the trustee already said wasn’t a case of fraud and is a procedural filing? LOL…keep on hating, Vick will still be in training camp on Monday and will be starting by Game 4….so keep on hating! Its working!

  23. Meat Tuperello says: Jul 24, 2010 5:00 PM

    Just another line of examples of Mike Vick certifying his nickname of Dumb ASS!

  24. Big Tex says: Jul 24, 2010 5:19 PM

    “forcing him to plead guilty”
    Maybe, just maybe, he pled guilty because he was (wait for it)… GUILTY! What a novel concept.

  25. brownsfn19 says: Jul 24, 2010 5:23 PM

    scumbag…

  26. callemasiseeem says: Jul 24, 2010 5:29 PM

    You can’t fix stupid. There is no logical reason to do the things he does. He’s just stupid.

  27. RedsGhost says: Jul 24, 2010 5:35 PM

    “Mike Vick is a good person who happened to make a lot of bad decisions.”
    Yeah, good people electrocute, drown and slam to the ground mortally wounded bait dogs.
    Dreamer, keep dreaming idiot.

  28. moolah954 says: Jul 24, 2010 5:40 PM

    @Chiefs2010 and @ jeremiah …… lmao hilarious

  29. Terry says: Jul 24, 2010 5:42 PM

    There may be another issue here.
    If he was paying his co-defendant’s attorneys fees, arguably to buy their cooperation, that’s possibly attempted obstruction of justice even if they chose to “rat” him out in the end!

  30. CH³NO² says: Jul 24, 2010 5:54 PM

    He is such a great ambassador for the NFL. Every week he’s in the news for more iditotic activity.
    I could understand all the “wink and nod” crap if he was a great player….but he isn’t and never will be.
    Philly will be sorry if they don’t throw him overboard soon.

  31. rambo says: Jul 24, 2010 6:13 PM

    Again who cares about Vick’s bankruptcy issues, what the hell does it have to do with any of you or football. This reporter decided to write half of the statement made by this trustee for a reason. It his money and if any of you found yourself in a situation that may cause you financial difficulty, you would do what you had to do to take care of your families too, quit being so damm righteous. And furthermore he is paying his debts. Hell General Motors, Aig, Chrysler all filed for the type of same protection from the courts, and they didn’t get this much attention. You people need to quit, there is even a fool now saying it obstruction of justice. LOL. Well tell you what, you may as well go ahead sit back and relax, he will be in training camp on Monday, and whether you like it or not, he will be on the field with the Eagles in just a few more weeks. Hell he is not worried about the bankrupty, so why should you especially since it is none of your business.

  32. tv says: Jul 24, 2010 6:46 PM

    This dude is a waste of carbon.

  33. CH³NO² says: Jul 24, 2010 6:46 PM

    I don’t believe GM, AIG or Chrysler shot, drowned, electrocuted and hanged dogs….did they?
    As much as you Vick jock sniffers would like to think otherwise, The Daugkilla’s only legacy is going to be all the stupid shit he has done to get himself in trouble and lose all his millions.
    Period….end of story.

  34. kosarsmyidol says: Jul 24, 2010 6:47 PM

    When I saw the headline, I thought he was going to court for being morally bankrupt.

  35. RedsGhost says: Jul 24, 2010 7:01 PM

    and AGAIN Rambo (is Rambo greek for STUPID?), like EVERYONE else is saying, No, it’s NOT his money, it’s his creditors! and No, us law abiding citizens don’t look for scumbag ways to get around the system. Goes towards the type of character he has, huh?
    He very well might be on the field, though if he plays like he did in Atlanta, the Eagles will come to regret a barely average QB and will quickly be looking for his replacement.
    Man, how many times must you say the same damn shit to someone before he realizes that EVERYONE else is right and he is not.
    Putz.

  36. Big Tex says: Jul 24, 2010 7:23 PM

    @rambo (or dumbo, whichever is the case)
    The major difference between GM and Vick is that GM has already paid back the loan WITH interest. If Mr. Mexico had paid off his creditors, there wouldn’t be any story.

  37. Little Tommy says: Jul 24, 2010 7:24 PM

    Many pro athletes were blessed with certain God given physical attributes that made them outstanding but, unfortunately, above the neck, many of them have nothing going on! Too bad…

  38. TexasBubba says: Jul 24, 2010 7:49 PM

    That’s the only reason Vick is allowed to play, to pay the IRS and his creditors. Ron Mexico would ride again if he had that kind of money.
    Go Cowboys!!!

  39. Jaxeagle says: Jul 24, 2010 8:32 PM

    @CH3NO2 no they didn’t they just helped kill the economy and put countless people out of work thats all.

  40. Meat Tuperello says: Jul 24, 2010 8:53 PM

    I just wish he was held to the same standard as his dogs.

  41. ICEWALKER says: Jul 24, 2010 10:19 PM

    Jaxeagle says:
    July 24, 2010 8:32 PM
    @CH3NO2 no they didn’t they just helped kill the economy and put countless people out of work thats all.
    +++++++++++++++++++++++++++
    Just to stir the puddin’……
    GM’s problem was the Unions that had people doing very little for $35-$50 an hour.
    Or it was all the home loans that were given to people that had no way (or no intention) of ever paying it back.
    Or it was the speculators that drove up energy costs that kept people from buying things that would keep the economy rolling.
    Anyone else have ideas?
    Oh, and Vick should not be allowed to play in the NFL not because of bankruptcy, dog killings, lying about dog killing to his GM, shootings that he may or may not have had a part in at his birthday bash……..he’s just an over-the-hill running QB, that’s all.
    I’m going back to drinking….I’ll read in the morning what others think.

  42. the big bronco says: Jul 24, 2010 11:02 PM

    Vick needs some more chances.. He hasent had enough.. Time for him to make a well placed call to Al Davis and join the Raiders..

  43. iluv2play76 says: Jul 24, 2010 11:09 PM

    He’s not the first athlete to declare bankruptcy and he won’t be the last. He also isn’t the only person paying family members before declaring bankruptcy he just wasn’t smart enough not to get caught. Why are they just discovering this now though? A normal person declares bankruptcy and it’s wrapped up in a few months doesn’t take years.

  44. texline says: Jul 24, 2010 11:27 PM

    No Rambo, he can not do with it what he pleases and still file bankruptcy. That is called hiding assets and is illegal.

  45. Terry says: Jul 25, 2010 12:29 AM

    547(b) of the Bankruptcy Code.
    “Transfers to “insiders”, which includes relatives, general partners, and directors or officers of the debtor, made up to one year prior to the filing of a bankruptcy, may be avoided or undone. In addition, the Trustee may be able to avoid transfers under applicable state law, which may provide longer time periods”.

  46. Raiders757 says: Jul 25, 2010 12:38 PM

    @ Dreamer: “The NFL really needs to provide more support for its African players. Let’s see them walk the walk.”
    Paying these guys millions to play a game isn’t enough for you? What more do you want them to do. Why not this? How about some of these African American NFL players man up and do whats right for a change. Why should the NFL have to babysit them? Instead of asking the NFL to do something, why not ask the African American community nut up and put an end to the stupidity that brings them down and holds them back?

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