Chris Vivlamore, in a piece from ajc.com, is detailing Michael Vick's ((pictured from his playing days, thanks ajc.com)) lack of funds while serving time on his felony dog fighting charges. Vick's monthly income is computed to be just under $280-per month.
Vick's Schedule of Assets and Liabilities list monthly expenses at $12,225. His monthly wages are from a pension plan and the 12-cents per hour he gets from work performed at the Leavenworth prison facility in Kansas. He filed for Chapter 11 bankruptcy protection last month. He lists $10-million in assets and $19-million in liabilities, but his property and the ownership of same is in question on multiple levels.
Vick's finances are said to be in such disarray that a judge was asked to appoint a trustee over his estate. The actual ownership of property, insurance policies, and balances in multiple bank accounts are in question.
Two trustees, David Talbot and Mary Wong, are listed in the court papers asking for the trustee change as "not acting in Vick's personal interest." Vick is asking for Wong to account for over half-a-million dollars he gave her when she was hired to be a business manager.
According to Vivlamore's investigation, Vick's papers are far from complete.
Background on Talbot from WAVY-TV is hyah
Read the bankruptcy application hyah
The list of those who may be affected by Vick's finances are hyah
The Atlanta Journal-Constitution's work from July, with D. Orlando Ledbetter and Steve Wyche is hyah
Their complete Vick coverage is hyah
Let the debates begin anew... remember the good ole' days...?
Thanks, FoxNews, Johnny Dollar's Place, and the youtube...
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