Michael Vick Files for Bankruptcy
By: Diane Tuman, Content Manager | July 9, 2008
Former Atlanta Falcons quarterback Michael Vick, who was convicted in 2007 of bankrolling a dog fighting operation and is now serving a 23-month sentence in the federal pen in Leavenworth, Kansas, made headlines again today by filing for bankruptcy protection. Vick allegedly owes approximately $10-50 million to creditors.
Vick’s former Virginia home where the dogfighting occurred (photo above) is on the market for $995,000. Vick bought the home in 2001 for $35,000, then sold it in 2007 to an investor — reportedly for a tremendous below-the-market value of $450,000. It was to be auctioned off last December, but the bidding never rose to the level the investor liked, so here it is, on the market again. Vick’s home in Duluth, GA, (photo below) is also listed for sale by Funari Realty for $4,500,000 and it looks like it’s been for sale for a while.
- Stumble it!
- Categories: Celebrity Real Estate, Real Estate, Real Estate Oddities
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