August 13, 2008
UST Requests Chapter 11 Trustee in Michael Vick Case
Yesterday the US Trustee filed a motion seeking appointment of a chapter 11 trustee. It seems that the gentleman Vick wanted to be his financial adviser has just been sued by the SEC for securities violations. The prior financial adviser has been accused of taking significant assets without telling anyone. Without a "financial adviser," Vick will have to be the fiduciary of the estate himself. He does not get out of Leavenworth until next summer. The UST has requested a hearing on shortened notice.
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