Out of his home confinement via jail,I had hoped his sentence would have been higher from the start though..With his sentence almost finally over i bet he has learned a thing or two about being a human .But what was he then,a low down sicko sporting dog fights and killing some of them ,i guess he's fallen hard from his previous lifestyle..If the man has redeemed himself i do hope he does well as a mentor to those who look up to him..
Bankrupt Vick's lawyers pitch new payment plan
Jun 30, 2009
NORFOLK, Virginia (AFP) — Once and possibly future American football star Michael Vick will provide creditors with more money under a new Chapter 11 bankruptcy repayment plan outlined at a court hearing on Tuesday.
Paul Campsen, attorney for the former Atlanta Falcons quarterback, detailed a new plan set to be filed on Thursday in place of a plan rejected in April as unworkable by US Bankruptcy Court judge Frank Santoro.
In the earlier version, Vick was seen as trying to hang onto too much of his future income and too many assets such as two homes and several automobiles, the plan also seen as too reliant upon Vicks' return to a gridiron career.
The new version would see Vick surrender 75,000 of the first 750,000 dollars he earns, rather than keep the entire sum as in the first plan, and sell a two million-dollar house currently under construction as well as five large boats.
Vick, 29, is serving home confinement in the last weeks of a 23-month prison sentence for his role in backing a dogfighting ring and is set to be freed on July 20, just in time for National Football League training camps.
NFL commissioner Roger Goodell will wait until Vick's sentence is complete before deciding if a player who once dazzled gridiron fans with his running speed and passing ability will be allowed to return to the 32-team league.
Vick would have to find a team willing to sign him, although some are expected to take a chance despite likely protests from animal groups that objected to Vick's role in destroying dogs that did not perform well in fights.
After working in a construction job, Vick began a new job on Monday at Boys and Girls Clubs as an aide in summer youth programs, doing community service as well as making money under terms of his home incarceration.
Vick would also pay creditors more than originally planned on income beyond 750,000 dollars, jumping from 20 to 25 percent on income up to 2.5 million dollars, from 25 to 30 percent on income up to 10 million dollars and from 33 to 40 percent on income above 10 million dollars.
A confirmation hearing on the new plan was tentatively scheduled for August 27, one week before the opening game of the upcoming NFL season.http://www.google.com/hostednews/afp/article/ALeqM5hfIIg8RzBdiWmXvFMmTlBkq6WhQA