Bankruptcy

Michael Vick's House And Other Property For Sale Under Bankruptcy Plan

By Scott Riddle

Former Atlanta Falcons Quarterback, and current resident of a federal prison, Michael Vick is selling his house in Sugarloaf in Gwinnett County.  See the Deal Watch Blog for the report.

The disclosure statement and plan of reorganization filed with the Bankruptcy Court also assume that creditors will be paid, at least in part, by Vick's future earnings in the National Football League.  "The Debtor has every reason to believe that upon his release, he will be reinstated into the NFL, resume his career and be able to earn a substantial living," Vick's attorneys wrote in a disclosure statement filed before a hearing Thursday in U.S. Bankruptcy Court in Norfolk (see AP article).

 If you are interested in the 8 bedroom house, listed at $4.1 million, see the listing here. The site includes several photographs of the house.  Apparently, the list price is down from $4.5 million.  If you buy it, you can live among other successful and interesting people and activities.

Full post as published by Georgia Bankruptcy Blog on November 14, 2008 (boomark / email).