Michael Vick talks about hardship faced after jail and the debt that he is finally almost done paying off. He is only ONE month shy from being paid in full with his $18 million debt…further deets after the jump!
Mike Vick, after having to serve 548 days in jail for involvement in a dogfighting ring, was released and owed creditors nearly $18 million. During this point his life, Vick’s only source of income had come from mopping floors while in jail. However, he stands firm and proud, a TOTAL of seven years later, with only one month left to owe on this very same million dollar debt.
While his actions involving dogs led some to believe he would never get back on the football field again, this year is Vick’s sixth season of playing after serving his prison sentence. That’s equal to the number of years Vick played before his prison term.
In the five-year period (2010 to 2014) in which he agreed to go on a restrictive budget to pay back his creditors, Vick earned more than $49 million during four seasons with the Philadelphia Eagles and one with the New York Jets.
Joseph Luzinski, a senior vice president at Development Specialists Inc., the liquidating trustee in Vick’s bankruptcy, has even applauded the QB for his outstanding financial recovery, deeming it incredible.
“What Michael did was the exception, not the rule,” Luzinski said. “He didn’t have to do this. The law allows you to skate by and pay your creditors 10 or 20 cents on the dollar, but he thought this was the right thing to do.”
Vick of course was ecstatic about the entire ordeal being over.
“I feel blessed because I came out and found myself in a position where I had a lot of people that really believed in me, people who gave me an opportunity. At the time, it wasn’t about trying to fulfill all the bankruptcy needs. I was trying to fulfill all the needs that I had in my life because I had nothing.”
via ESPN
The post (Video) NFL: Michael Vick Nearly Finished Paying $18M Debt appeared first on In Flex We Trust.
from In Flex We Trust http://ift.tt/1zwFJ7H
via IFTTT
0 comments:
Post a Comment