Former NFL Star Losing Thousands Each Month
Posted by Matt Loede on August 21st, 2008 filed in Michael Vick CaseFormer Falcons quarterback Michael Vick is losing nearly 12-thousand dollars each month while he is imprisoned in Leavenworth, Kansas. Documents filed in a Virginia bankruptcy court Tuesday showed Vick has monthly expenses of 12-thousand-225-dollars and a monthly income of just over 277-dollars. The income is mostly from a pension plan and does not include the 12-cents-an-hour he makes working in the prison.
Vick has four houses, three in Virginia and one in Georgia, that are listed as having a value of six-point-four-million dollars. He claims personal property assets of three-point-five-million dollars. Vick filed Chapter 11 bankruptcy last month, listing assets of just over 10-million dollars and debts of nearly 19-million. He is serving a 23-month federal prison sentence for admitting to his part of a dogfighting ring.





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