(EXCLUSIVE) Michael Vick’s Financial Situation Looks Bleak, Only $50K in Bank Accounts
$868,951 in his bank accounts. On top of that, a total of $3k is taken out for professional fees due to the bankruptcy and he was left with only $818,205 during October – December of last year … but after he paid his monthly payments to his creditors as part of his repayment plan for those months he was reportedly left with only $50,744.97
Based on court records in the beginning of 2014, Vick had over $2 million in his bank accounts but paying off all his debt has left his with next to nothing leftover.
The trustee explains Vick only has one creditor left that he is battling in court over a total amount of $459k, and he also listed his future income as “unknown”. See the exclusive court docs.
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This post is a little misleading. Mike Vick is a few payments from being totally out of debt and paying back 20 million he could have not paid back. In recent news post he has taken a small annual salary for himself and paid the rest to his creditors and he will be done this year. He ha several years left on his contract and he has a brush company that is doing extremely well Mike Vick is in great shape money wise for the long term. Id he has been living on less than 400k a year for all this time while making millions he has what it takes to save and grow his millions in income after he is free of debt. Mike will not end be another tragic story about ballers and their money problems.