Michael Vick has Reduced His $20M NFL Debt to Almost Nothing
Mar 13, 2012 | 7:59 PM Written By: john
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Michael Vick seems to really be making an effort to get on top of all aspects of his life. The NFL baller - who filed for Chapter 11 bankruptcy in July 2008 after his infamous dog-fighting scandal - has paid off all but $400,000 of the approximately $20 million he owed dozens of creditors.
That's a tiny fraction of the original debt. According to documents, the outstanding debt is owed to Bank of America, BMW financial services and the IRS.
400 grand is a lot of money to us average folks, but you gotta understand that Vick earned over $11 million between July and September 2011, so to him it ain't much.
