NEWPORT NEWS, Va. (AP) - A judge in Virginia approved a plan for Michael Vick to repay $20 million to his creditors and emerge from bankruptcy.
U.S. Bankruptcy Judge Frank Santoro approved the plan Thursday on the condition that Vick retain a personal financial planner to manage his future earning with the Philadelphia Eagles.
Santoro said while Vick is "at the pinnacle of his profession," he has proven unable in the past to manage his finances. The plan was overwhelmingly approved in a ballot by the creditors.
After the hearing, Vick was scheduled to return to Philadelphia to make his debut with the Eagles in a preseason game.
Vick was released from federal custody July 20 after serving 18 months of a 23-month sentence for his role in running a dog fighting ring
U.S. Bankruptcy Judge Frank Santoro approved the plan Thursday on the condition that Vick retain a personal financial planner to manage his future earning with the Philadelphia Eagles.
Santoro said while Vick is "at the pinnacle of his profession," he has proven unable in the past to manage his finances. The plan was overwhelmingly approved in a ballot by the creditors.
After the hearing, Vick was scheduled to return to Philadelphia to make his debut with the Eagles in a preseason game.
Vick was released from federal custody July 20 after serving 18 months of a 23-month sentence for his role in running a dog fighting ring