Michael Vick

Just before going to jail, he set up an account with the Royal Bank of Canada for $2.5M line of credit and borrowed $2.3M. "Yesterday, Mr. Vick, who is in prison in Kansas, filed for bankruptcy
protection, effectively blocking the bank and other creditors from
collecting. In court filings, RBC was listed among Mr. Vick’s largest
unsecured creditors, just behind the Falcons, owed $3.7-million, and
Mr. Vick’s agent, owed $4.5-million." Full Reportonbusiness.com article can be read here.

July 9, 2008 In: Uncategorized Comments (None)