Lawyers: Michael Vick Expects To Return To NFL
15/11/2008 01:08
RICHMOND, Va. - Imprisoned NFL quarterback Michael Vick expects to return to pro football, according to his bankruptcy attorneys who laid out a plan to pay creditors based in part on his anticipated earnings.
"The Debtor has every reason to believe that upon his release, he will be reinstated into the NFL, resume his career and be able to earn a substantial living," Vick's lawyers wrote in a disclosure statement filed before a hearing Thursday in U.S. Bankruptcy Court in Norfolk.
The former Atlanta Falcons star is serving a 23-month sentence in a federal penitentiary for bankrolling a dogfighting ring in rural Virginia and is scheduled to be released on July 20.
Once the NFL's highest-paid player, Vick has assets of US$16 million and liabilities of $20.4 million, according to the court filing in which lawyers wrote in extraordinary detail about Vick's dizzying financial mess - listing a fleet of vehicles, properties, businesses and the extended family he supported.
A Vick lawyer said a committee representing all his debtors has proposed a plan to pay off his debt. A judge scheduled a hearing for mid-December on the appointment of a trustee, which Vick's lawyers oppose.
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SWIVEL HIPS SAYS:
From the tone of this story, don’t you just get the feeling that Vick must owe his lawyers money, folks? Honest to goodness, I don’t know which is worse, folks, lawyers or unions?