Tuesday, June 9, 2009
7 Needs To Try Again
A federal judge told Michael Vick and his attorneys they have until July 2 to come up with a new and improved plan to pay back the nearly $25 million Vick owes his creditors.
The judge reiterated his concern that Vick's plan hinges on his reinstatement to the NFL. League Commissioner Roger Goodell has not yet announced whether he will allow Vick to play again. The judge has before suggested that Vick sell some of his luxury vehicles and at least one of his large homes.
Vick's bankruptcy attorney, Paul Campsen, would not comment on the proceedings after court, but the athlete's criminal attorney, Larry Woodward, did speak with reporters briefly after the hearing.
When asked about the chances of Vick's NFL suspension being lifted, Woodward said, "I'm not going to comment on that. But, Mike is doing fine. He's glad to be home with his family. His job is going well. He's doing everything the probation office asks him to do."
Vick has been under home confinement for a little more than two weeks now, finishing his 23-month federal prison sentence for running an illegal dog fighting ring on the property he once owned in Surry County.
Tuesday, the federal judge said he would make a decision to confirm or reject Vick's revised bankruptcy plan on August 27th. If the judge rejects the plan he will appoint a trustee to liquidate Vick's assets.
Here's coverage from our friends at WAVY-TV with Mary Kay Mallonee