Vick amends bankruptcy plan, awaits judge’s ruling
Published: July 3, 2009
Suspended NFL quarterback Michael Vick has submitted a revised bankruptcy plan that funnels more of his future earnings to creditors, though a judge did not immediately rule on the proposal.
Vick filed the new Chapter 11 plan yesterday in U.S. Bankruptcy Court in Newport News. A judge rejected Vick's original plan in April. The new plan also ensures creditors will get some money even if Vick can't resume his NFL career.
NFL Commissioner Roger Goodell has said he will review Vick's status after the former Atlanta Falcons quarterback completes his 23month sentence for running a dogfighting ring. Vick is serving the last two months of the sentence on home confinement in Hampton and is scheduled to be released July 20.
Vick's next bankruptcy hearing is July 31.
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