Vick Leaves Prison ... for Bankruptcy Court

Disgraced QB testifies to being fleeced by financial advisers

(NEWSER) - Michael Vick showed contrition in bankruptcy court today for the dogfighting that landed him in federal prison, the Atlanta Journal-Constitution reports. “I committed a heinous act,” said the suspended NFL quarterback, moved from a Kansas prison to appear at the Virginia hearing. “It was very irresponsible.” Vick is fighting for approval of a bankruptcy agreement that would see him keep the first $750,000 of his annual income, with the rest going to creditors. More»

(AP) - A judge rejected Michael Vick's plan to emerge from bankruptcy today, telling the suspended NFL star to rethink how he'll pay back creditors. Vick, who is serving a 23-month prison sentence for bankrolling a dogfighting operation, had outlined a plan based on the goal of returning to the NFL. But Judge Frank Santoro said there is no guarantee the league will have the 28-year-old player back, and suggested he start on a new plan. More»

(NEWSER) - Lawyers for Michael Vick say the incarcerated football player “is going to turn a new leaf,” the Atlanta Journal-Constitution reports. In bankruptcy court in Virginia today, one of Vick’s attorneys said the convicted dogfighter has a $10-an-hour construction job lined up for him when he gets out of prison in a few months. Vick's agent testified that he could be back in the NFL in September, which would go a long way toward helping him settle with creditors. More»

Prosecutors hope to beat creditors to NFL star's assets

(NEWSER) - The feds want Michael Vick to pick up the nearly $1-million tab for the 48 pit bulls they seized from his home. Prosecutors say the Atlanta Falcon, who surrendered to authorities yesterday to begin serving his time, should pay for the seizure, care, and adoption of the dogs, which they allege were abused at Vick’s home. Sentencing isn’t until early December, but the government filed a motion today to have the money frozen now. More»

Disgraced QB admits sponsoring dogfighting, promoting gambling

(NEWSER) - Michael Vick admits sponsoring a dogfighting operation and denies killing dogs but acknowledges that dogs were killed through his and two co-defendants' "collective efforts," according to the plea agreement the disgraced Falcons QB signed yesterday, the Atlanta Journal-Constitution reports. He also acknowledges promoting gambling but denies being a party to side bets at dogfights. More»