Losing $12,000 a month
Posted by Media Outrage on August 21, 2008
Former Falcons QB Michael Vick is reportedly losing $12,000 a month. With that said this opportunity has to look real attractive to him right now.
Via AJC:
Michael Vick is losing nearly $12,000 a month according to court documents filed Tuesday in his bankruptcy case.
Vick’s Schedule of Assets and Liabilities, admittedly incomplete, were filed with the U.S. Bankruptcy Court and obtained by the Atlanta Journal-Constitution Wednesday. In the documents the imprisoned Falcons quarterback lists average monthly expenses of $12,225 and a monthly income of just $277.69. The difference is $11,947.31. Vick’s monthly income is solely derived from a benefit pension plan and does not include the wages of 12 cents per hour he earns working in prison.
Vick, serving a 23-month federal prison sentence on felony charges related to dogfighting, filed Chapter 11 bankruptcy last month.
Vick lists total assets of just over $10 million. He also lists nearly $19 million is liabilities, which includes claims, some disputed, against him by creditors.
Four houses, three in Virginia and one in Georgia, are listed as real property with a value of $6.4 million. Vick lists known personal property assets of $3.5 million.
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Smurfette said
SMH dam
Ms. E said
Why didn’t he sell them dam houses before he went to prison a few days early!!! I know the economy is a mess…but he could of donated the houses to the Welfare Department or something…I am sure they could of converted the homes into orphanages or group homes for troubled teens!! Then he could have gotten a tax break or something…dumb a$$!
ucanb2 said
Yep he is not the “brightest star in the galaxy”!!! SMH
BitterSweetBelizean said
Thats just a damn shame!!!! Poor guy…
F.U. said
More importantly, that picture is fuckin hilarious! That is indeed excellent photoshoppin.