Vick Present in Virginia Bankruptcy Court Hearing
Posted: Thursday, May 14th, 2009 at 3:46 pm
NEWPORT NEWS, Va—On Thursday, Michael Vick’s lawyer informed a bankruptcy court that the former Atlanta Falcons quarterback has lined up a $10-an-hour construction job for when he gets out of prison.
Michael Vick’s first court appearance was intended to explain his personal financial situation and how he plans to emerge from his bankruptcy since filing his Chapter 11 case from prison. Vick, 28, is expected to testify before the proceeding wraps up Friday.
“You will hear from Mr. Vick his future intentions, how he is going to change the way he lives his life,” his lawyer, Michael Blumenthal, told U.S. Bankruptcy Judge Frank J. Santoro.
Vick is currently serving a 23-month sentence for bankrolling a dogfighting ring. He briefly left a Kansas federal prison to attend the hearing, which involved his bankruptcy plan. His scheduled release from custody is in July, but he could be sent to home confinement in late May. This would allow him to serve his last two months at his Hampton home in eastern Virginia—one of the two houses that he would be allowed to keep under his bankruptcy plan.
His plan would allow him to keep the first $750,000 of his salary, but creditors would then receive any additional earnings.
Earlier this week Vick and the Falcons reached an agreement that he would pay at least $6.5 million to the team, moving closer to cutting ties with a team that no longer wants him.
During court testimony, an agent for Vick said he hoped Vick could be back in the NFL by September.
If Vick’s return is allowable, it would probably be negotiated on a one- or two-year contract that would include incentives for playing time and a starting position.
Michael Vick was once one of the highest paid athletes in the NFL, and now has a $10-an hour/40 hour week at W.M. Jordan Company’s.
Vick’s father, Robert Lawson, said in a telephone interview, “I believe all of us make mistakes, and once you’ve fulfilled your commitment and paid the price, you should be given a second chance. He’s not a bad person. He made some bad choices.”
The details that were released pertaining to his dogfighting enterprise infuriated the public and helped destroy his finances, which apparently were already in a desperate disarray because of lavish spending and poor investments.
Vick is also entitled to receive a minimum salary of $620,000 as a six-year NFL veteran.
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