Last summer, Total Bankruptcy reported on Michael Vick's bankruptcy petition from prison.
Vick was once the highest paid player in the NFL, but is now reportedly earning 12 cents an hour in federal prison, where he is serving time for his role in a dogfighting ring.
Vick's bankruptcy petition listed assets of approximately $16 million, but claimed outstanding debts in the amount of $20.4 million.
However, Vick's creditors--including the Atlanta Falcons--say that millions of dollars remain unaccounted for after a series of unexplained cash withdrawals and transfers over the past two years.
Creditors also expressed concern that Vick's repayment plan is premised on the assumption that he will be able to return to the NFL and again command a significant salary upon his release, an assertion they say requires some supporting documentation before they can assess whether or not the plan is realistic.
Tags: bankruptcy 'michael vick' 'atlanta falcons' creditors nfl
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