Michael Vick Files For Chapter 11

I'm sure this is not one of the audibles out of the Falcons play book but since Vick doesnt play for them anymore it really doesnt matter. What matters is that Vick is broke and owns money.

The player who was once looked on as a great quaterback by sports fans across the nation is now filing for bankruptcy.

Vick is claiming to have debts from $10 million to $50 million and the Atlanta Falcon are listed as one of the companies that Vick owes money to, with a claim of $3.75 million as a pro-rated signing bonus.

Other creditors listed in the court documents are three banks, including two that recently won judgments against Vick but the largest creditor is Joel Enterprises, Inc. with a claim of $4.5 million.

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