Showing posts with label Paul Campsen. Show all posts
Showing posts with label Paul Campsen. Show all posts

Tuesday, June 30, 2009

7 Changing Job And Bankruptcy Plan


((HT: WAVY-TV))

Suspended NFL quarterback Michael Vick ((pictured, thanks WAVY-TV)) is leaving his construction job and will begin working for the Boys & Girls Clubs.

Steve Kast, Boys and Girls Club CEO, told WAVY.com Vick will work 40 hours a week at $9 an hour through July 20. That is the date the suspended NFL quarterback's federal sentence for his involvement in dogfighting is set to be completed.

Vick is working at the same club in Newport News where he was a member for 12 years as a young person.

Kast said Vick and his family contacted the organization. He said the Boys and Girls Club has been working with Vick and the U.S. Federal Probation Office for weeks on this employment situation for Michael Vick.

WVEC-TV reveals the changes in the bankruptcy plan:
Vick's lawyer, Paul Campsen, disclosed the basic outline of the new plan Tuesday in U.S. Bankruptcy Court.

The full plan is still being finished. It's due to be filed by Thursday.

A judge in April rejected the first plan, saying it was not feasible.

Under the new plan, Campsen said 10 percent of the first $750,000 Vick earns would go to creditors. Under the old plan, Vick would have kept the entire amount up to $750,000.

The new plan also increases the amount it would pay creditors on income over $750,000.

Vick is currently in home confinement in Virginia for last two months of a nearly two-year sentence for operating a dogfighting ring.

Here's the statement from the Boys and Girls Club...

Here's coverage from our friends at WTKR-TV...
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Tuesday, June 9, 2009

7 Needs To Try Again


((HT: WAVY-TV))

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