[EXCLUSIVE] Michael Vick: Judge Orders Bankruptcy Case Stay Open Until 2015
Michael Vick won’t be done with his bankruptcy anytime soon and has been ordered by a federal court judge to continue paying off his massive debt for the next year, theJasmineBRAND.com exclusively reports.
The 34-year-old NFL star filed for Chapter 11 bankruptcy in 2008 , claiming he owed over 20 million dollars to creditors with his assets dwindling due to his infamous dog-fighting scandal and having lost numerous million dollar endorsements.
Vick has made a miraculous comeback, signing a 6-year 100 million dollar deal in 2011 with the Eagles which has helped pay off a huge chunk of the people he owed money to in the bankruptcy.
Vick’s bankruptcy case has been active since 2008, attempting to pay off all the debt. The case was set to close in November of this year due to bankruptcy law regulating how long a case can stay open.