theJasmineBRAND.com exclusively reports, NFL star Michael Vick has returned to court over his bankruptcy, pleading with the judge to help get one of his last remaining creditors off his back who are blocking him from selling off his Virginia home.
The NFL star filed for Chapter 11 bankruptcy in 2008, saying 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. He signed a 5 million dollar contact with the New York Jets for 1-year back in 2014. He is currently a free agent and has expressed interest in continuing to play in the NFL.
Vick’s bankruptcy case has been active since 2008, attempting to pay off all the debt. The case is scheduled to be closed in the next several months with the trustee finishing off the final
Then on April 27th, Vick headed to court pleading with the judge to help him with the sale of his Virgina home.
He explains that one of his creditors, Royal Bank of Canada, obtained a judgement against him back in 2008 in the amount of $2,421,170.90. The bank then slapped a lien against Vick’s home in Virginia, so it the home was sold off they would get paid before the NFL star saw a dime from the profits.
Vick says he has reached a deal to sell off his Hampton, Virginia pad but the creditor, Royal Bank of Canada, won’t release the lien against the property and therefore the deal cannot go through until they do.
He is pleading with the judge to set a hearing for the bank to show up and explain why they refuse to release the lien. Vick is demanding they release the lien so he can sell off his home and take one step closer to closing his never-ending bankruptcy.
The NFL star also informed the court that his creditors have been paid over $16 million dollars and he has contributed over $20 million to the bankruptcy to pay off his debt.
The judge has yet to make a decision on Vick’s motion.