Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Wednesday, February 14, 2018

Mike Vick's Bankruptcy Case Officially Closed After Paying Back $17 Mil

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2018-02-13/7db292f9-ba05-4130-ba5d-b75fc52ee437.pngMichael Vick filed for Chapter 11 in 2008 after the now-infamous dog-fighting scandal hit headlines. His unsavory activities cost him a number of lucrative endorsement deals and his massive NFL salary. At the time, Vick owed Bank of America, the IRS, and BMW financial services over $17 million. Since his reinstatement with the Eagles, he has been working overtime to pay off these liabilities. This past November, he finally paid off his creditors and the bankruptcy judge officially close the case.

See Mike Vick's Bankruptcy Case Officially Closed After Paying Back $17 Mil, TMZ, February 12, 2018.

http://lawprofessors.typepad.com/trusts_estates_prof/2018/02/mike-vicks-bankruptcy-case-officially-closed-after-paying-back-17-mil.html

Current Events, Estate Planning - Generally, Income Tax | Permalink

Comments

Post a comment