Suspended Atlanta Falcons quarterback Michael Vick is selling off his multimillion-dollar pad in Georgia, but that's not the only real estate transaction Vick is making. The New York Post reports that Vick just bought a place in an expensive high rise in Miami, a high rise where Dwyane Wade of the Miami Heat also owns a condo. Although Vick, who will be sentenced on Dec. 10 after pleading guilty to federal felony charges related to dog fighting, isn't allowed to leave Virginia, his brother, former Dolphin Marcus Vick, has been staying at the place, the Post reports.
So why would Vick want to spend money on real estate now, when he's got mounting legal bills, banks coming after him to collect on loans, and an arbitrator ruling that he has to re-pay nearly $20 million in bonus money he's already received from the Falcons?
The answer could be that Vick is planning to file for bankruptcy. Florida's bankruptcy laws would make it easier for Vick to keep a home in Florida than it would be for him to keep a home in Georgia. As the Wall Street Journal has noted, "The state's lenient bankruptcy laws have long made the state a destination for debtors on the run." Vick may be the latest to take advantage of those lenient laws.
Reader Comments (Page 1 of 1)
10-25-2007 @ 3:49PM
Sports Bettor said...
Florida is good for OJ. Might as well be good for Vick too.
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10-25-2007 @ 4:27PM
nickstoli said...
I don't care how much fun torturing and killing dogs is to these sickos, it ain't a hundred and thirty million dollars worth of fun.
What a way to piss it all away.
Ookie makes Benoit Benjamin look like Einstein.
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10-25-2007 @ 11:47PM
DavesRaves said...
Why shouldn't he take advantage of Florida's bankruptcy laws? He's already took advantage of the NFL, the Falcons, the fans, the sponsors, and Sonya Elliot, just to name a few.
Mike Vick has basically gone from the penthouse to the outhouse. I know it doesn't take a Masters degree in physics to play football, but his stupidity is beyond any definition of the word.
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10-26-2007 @ 1:58AM
jeff said...
michael vick, aka ron mexico, aka RUN MEXICO.
neuter all of them asap.
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10-26-2007 @ 2:56AM
MARTY said...
MICHAEL VICK HAS MADE SOME HORRIBLE CHOICES AND I ONLY HOPE THAT FROM HERE ON HE WILL TAKE THE ACTIONS NECESSARY TO MAKE AMENDS TO THE PEOPLE AND ANIMALS THAT HE HAS HURT. MIKE TAKE STOCK OF YOUR LIFE ADMIT YOUR FAULTS AND CLEAN YOUR HOUSE AND YOU WILL BE FORGIVEN WHEN YOU DO THESE THINGS NOT BEFORE
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10-26-2007 @ 9:09AM
Irene Heath said...
Why wouldn't that surprise me? After all, we are talking about a person who shamelessly and arrogantly ignored the law and human decency and only stopped b/c he got caught.
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10-26-2007 @ 12:26PM
CC said...
BUT don't you have to be a resident - actually live there for 6 months and 1 day to take advantage of being a "resident of FL" or is the FL home just listed as an asset - what freaking mortgage company gave him a loan for that place - a sub prime lendee who won't care if they see a dollar? - sleaze breeds sleaze. I bet his lawyers were "retained" up front if he is going to declare bankruptcy - what a loser on so many fronts!!!!
He is still getting a paycheck from the Falcons isn't he because that is the only way they can go after the signing bonus - he has to be on the roster.
What a pile of poo!
WOOF!
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10-26-2007 @ 12:26PM
CC said...
BUT don't you have to be a resident - actually live there for 6 months and 1 day to take advantage of being a "resident of FL" or is the FL home just listed as an asset - what freaking mortgage company gave him a loan for that place - a sub prime lendee who won't care if they see a dollar? - sleaze breeds sleaze. I bet his lawyers were "retained" up front if he is going to declare bankruptcy - what a loser on so many fronts!!!!
He is still getting a paycheck from the Falcons isn't he because that is the only way they can go after the signing bonus - he has to be on the roster.
What a pile of poo!
WOOF!
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10-26-2007 @ 12:58PM
Henry said...
Vick can buy whatever and move to wherever...as long as stays out of my neighborhood! Sick bastard.
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10-27-2007 @ 8:37AM
David Leibowitz said...
As a Board Certified Business and Consumer Bankruptcy Attorney, I'd like you to know that the bankruptcy angle won't work for Michael Vick. The 2005 Bankruptcy Abuse Prevention Consumer Protection Act has a big impact on a potential case such as Vick's First of all, for at least two years from the date of establishing residency in Florida, and maybe more depending on the the circumstances, a bankruptcy court would look to the much less liberal Georgia exemptions, even if he were to file a case in Florida. Moreover, there would be a $125,000 cap on the homestead exemption in a bankruptcy case in any event.
So Vick may file a bankruptcy case, but it won't be quick and it won't be painless.
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10-27-2007 @ 12:50PM
AWH said...
If that is true, I don't envy the many civilized condo owners who live there. A savage as a neighbor?
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10-29-2007 @ 3:53PM
John said...
The sickos are the ones that have left these perverse responses. Vick isn't nearly as psychotic as y'all are. The racists on this board are staggering.
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10-29-2007 @ 3:57PM
mlrice710 said...
Hopefully when all of the hypocrites go back up underneath their rocks, common sense will kick in and those who understand that all this fake uproar over pitbulls and dogfighting is just that...fake...can peacefully pray for Vick's return.
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