Michael Vick Has Paid $29M In Debt In 4 Years

Posted By Urban News Hour | October 2, 2012

Michael Vick Has Paid $29 Million In Debt In 4 Years

According to TMZ reports:

Michael Vick has blown through nearly $30 million since filing for bankruptcy in 2008 — nearly 95% of his total income — TMZ has learned.

According to legal docs filed in his bankruptcy case, Vick made $31 million since he went belly up — that includes his Eagles salary and various endorsements and other business ventures.

The math is pretty simple — Vick had to pay a total of $29.6 mil — of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses.

All tolled, Vick is now left with around $1.5 mil. That’s nothing to sneeze at, but considering what he made it’s pretty shocking.

Things are looking up for the NFLer. Vick signed a 6 year, $100 million contract in 2011 … with almost $40 mil in guaranteed money, so he won’t be poor — in rich terms — for much longer.

The one thing they forgot to add in was the cost of his lavish Miami wedding at the Fountaine Bleau.

It’s crazy to think how much the whole dog-fighting thing really cost him.

Source: http://tmz.com


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