Vick has paid back an astonishing $15 million of the $17.8 million he owed creditors before filing for Chapter 11 bankruptcy. Its expected that with the sale of a final property and what he will pay this month that he will be clear of the entire debt. Its interesting to note that he could have taken the easy way out and filed for Chapter 7 bankruptcy and had most of his debts forgiven but instead chose to pay back the people he had borrowed money from. The scarier part is that to pay back that amount, Vick had to make almost $49 million to do so because of taxes and legal fees associated with his previous debts. He has been living on a $300,000 budget while making that money. I for one am glad he was able to play long enough to get things right.
http://espn.go.com/new-york/nfl/story/_/id/12041876/new-york-jets-quarte...
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