Mike Vick, Imprisoned, Must Pay His Creditors With Cigarettes

And his creditors don’t like that. So he went bankrupt.

From the AP here:

Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors.

Vick filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday. The seven largest creditors listed in the court papers are owed a total of about $12.8 million.

He went on to explain that once he was out of jail he would rebuild his career. I guess his creditors will choke on that promise. Once he gets out of jail he goes on trial in Virginia for dog fighting. From the Daily Press here:

A prosecutor says the state trials of Michael Vick and three co-defendants on dogfighting charges will be delayed until they are freed from federal prison.

Commonwealth’s Attorney Gerald Poindexter says it’s not worth the expense for Surry County to get the men from prisons in different states for trial and escort them back later.

Vick and the other defendants face charges of beating or killing dogs, or causing dogs to fight other dogs, and engaging in or promoting dogfighting.

The former Atlanta Falcons quarterback is serving a 23-month prison sentence after pleading guilty to federal charges in a dogfighting operation. The others received sentences of up to 21 months in prison.