VIA EURWEB:
Former NFL star Michael Vick will have creditors vote on his bankruptcy repayment plan following a judge’s ruling Friday that comes as he tries to resume a gridiron career, reports AFP.
Vick did not speak after Friday’s Chapter 11 bankruptcy hearing, at which judge Frank Santoro ruled Vick’s plan can be considered by creditors since none objected. A confirmation hearing was set for August 27.
Santoro had rejected an earlier Vick plan, saying the athlete kept too much for himself. The new plan has Vick selling off more assets and handing over more of his future income to creditors.
That future income is based upon a return to the multi-million-dollar deals of the NFL following his conditional reinstatement by NFL commissioner Roger Goodell that allows Vick to sign with a club and resume play by week six of the season.
