Former Atlanta Falcons quarterback Michael Vick has filed for bankruptcy while in prison. Court documents show that Vick owes creditors between $10 million to $50 million.
December 11, 2008: Creditors have objected to Vick's disclosure statement, which entails details on the former quarterback's finances. In the statement, Vick accounts for homes, luxury cars and boats, business interests, bank accounts and various miscellaneous expenses. Lawyers of Vick's creditors stated that the report lacks sufficient detail. AJC.com: Creditors object to Vick finance statement (December 10, 2008)
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Fast Facts
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Fact:
Filed for Chapter 11 status
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Filing took place in Newport News, Virginia
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Fact:
Top seven creditors owed almost $13 million
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Fact:
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Fact:
Defaulted on a $2.5 million loan from a Canadianbank
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Fact:
Wachovia Bank sued Vick for $1.8 million over a business loan
