Good guy Michael Vick is almost done repaying 18 million dollars of debt he owed

[Twerk4it]

In the early to mid-2000s, Michael Vick was one of the top quarterbacks in the NFL. His running style of football was unheard of at the time. he ran for nearly 4,000 yards in six seasons, and led the Atlanta Falcons to the playoffs twice, winning a game each year. He signed a huge contract and started to live large. Very large.

As we all know, in July 2008 Vick found himself locked up at Leavenworth prison after being convicted of some horrendous crimes against animals. Not only was he locked up, he was also forced to file for bankruptcy protection thanks to the roughly $18 million he owed to a variety of creditors. With no more NFL money coming in, Michael was earning just 12 cents an hour mopping floors at Leavenworth. FYI, paying off $18 million on a salary of 12 cents per hour will take 60 thousand years.

Vick ended up serving 548 days in jail for taking part in an illegal dogfighting ring. He even returned to the NFL, as a member of the Eagles, in 2010. He actually won Comeback Player of the Year that same season. But perhaps most shocking of all, Vick is on the verge of paying off the entire $18 million owed to his creditors. This is especially incredible because Michael easily could have simply walked away from the debt. He instead chose to honor his (literal) obligations.

Since returning to the NFL in 2010, Vick has earned $49 million over five years. But before he signed that first comeback contract, Michael had a very distinct choice to make. He could file for Chapter 7 bankruptcy protection and walk away from all his debts, or file for Chapter 11 and honor every penny. Michael chose Chapter 11.

Let's repeat that. Michael had the option to file for Chapter 7, in which case the majority of his $18 million debt would have been completely forgiven. But he instead went out of his way to keep those debts active.

How did that risky decision turn out? To date, Michael has paid off more than $15 million, roughly 85%, of the $17.8 million he owes! And there is still a real estate asset that will be sold in the coming months which is expected to bring down the debt down even further. The sale of that asset might even be enough money to pay off his entire remaining balance.

Of course, Vick has had his doubters over the years. Most notably his former team. In March 2009, Vick agreed to pay back The Falcons $6.5 million in salary. Doubting they'd ever see anything from him, in 2011 the team sold its liability at a big discount to Fortress Capital, an investment firm co-founded by Wesley Edens, the owner of the Milwaukee Bucks. Vick ended up paying off every cent of the debt he owed.

In order to pay off his creditors, Vick has been living on a $300,000 a year budget. More than 50% of what he's made since mounting his comeback has gone to taxes and legal fees. Anything leftover is being put into savings.

While Vick will return to his normal lifestyle in the new year, he says he won't spend money like he used to. He realizes he doesn't need to buy things like boats, but as a self-proclaimed car guy, he'll still buy cars. Let's just hope he gets a good deal on them.

So at what point do we forgive Michael Vick? Or has that already happened?

this is what America is all about, making the best of your second chance.

[LattzBrah]

michael vick was my favourite player growing up.

honestly don't give a sht about the dogs.

[Arkileon]

Impressive, he might win an oscar before Leo

[StreetSharks]

lol that makes him a good guy now? fuk vick

[Twerk4it]

lol that makes him a good guy now? fuk vick

yeah he didn't have to and wasn't expected to, guy repaid his debt to society and his debtors + took a back seat to Geno Smith, Fuk you, Vick is an American hero.

[Madsen89]

lol that makes him a good guy now? fuk vick

So many flavours in the world and you chose salty.

[RastaKoala]

honestly the dog fighting stuff really made me rage and hate the guy, but if you watch his interviews he truly does seem like a changed man

[FIREnICE]

lol that makes him a good guy now? fuk vick

he decided to change. that makes him a real man

[MrVeggie]

yeah he didn't have to and wasn't expected to, guy repaid his debt to society and his debtors + took a back seat to Geno Smith, Fuk you, Vick is an American hero.

paying back debt makes you a hero. Hey guys im paying back my student loans, we hero now.

[cookiefiend]

Its not a great act that deserves praise. You get in debt, you pay it back.

[Wakiza33]

Love watching Vick play, still to this day. DGAF about the dogs either.

[Jessome]

Still a ******* pos in my eyes

[eMan0n]

Viva la Ron Mexico

[juicybacon]

Murica, where paying back money you owe makes you a hero.

[MajesticLion]

Good for him. A little fiscal discipline can go a long way.

[Bensontm]

Its not a great act that deserves praise. You get in debt, you pay it back.

This comment shows how little you know about what happens in reality at debt figures like that... CEO's that the misc looks up to all file chapter 7 in that spot. So many people don't want to recognize a noble act when they see it.

[BigDreams21]

paying back debt makes you a hero. Hey guys im paying back my student loans, we hero now.

This.

I've decided to pay back all of my debts too.

Why aren't you making a thread to honor me and my debt repayment?

[cookiefiend]

This comment shows how little you know about what happens in reality at debt figures like that... CEO's that the misc looks up to all file chapter 7 in that spot. So many people don't want to recognize a noble act when they see it.

I don't care whether he had to or not, its still not a noble act to pay back what you owe.

[Bensontm]

I don't care whether he had to or not, its still not a noble act to pay back what you owe.

It is when no one does that anymore. And stop saying you are paying back your student loans so it's the same thing. You can't expunge federally-backed student loan debt in bankruptcy. (Duh). You couldn't get out of it if you tried...

[cookiefiend]

It is when no one does that anymore. And stop saying you are paying back your student loans so it's the same thing. You can't expunge federally-backed student loan debt in bankruptcy. (Duh). You couldn't get out of it if you tried...

I didn't say that. But you appear to be confusing the right thing to do, even if you are not forced to, with a heroic act.

[ElMentor23]

super high sodium levels ITT

some convick earned more money coming out of prison in 5 years than you will in your life

[Pyrodox11]

Michael Vick murdered dozens of dogs in brutal ways. Ways such as bashing their heads open, electrocution, hanging them, etc. This scumbag laughed about it like it was no big deal. He then goes to jail and Nike voids their contract with him. He THEN changed his ways only to get his f'n money back.

Absolutely despicable how anyone can justify calling Vick "good". He got his 2nd chance, and he's changed, but he is and always will be a piece of chit.

[Bensontm]

super high sodium levels ITT

some convick earned more money coming out of prison in 5 years than you will in your life

I can't run a sub 4.4 40 and throw a football 60 yards. I hear they pay a lot if you can do that well. The job market also rewards basic spelling, you know, words like convict*, regardless of sodium levels.

[Jessome]

Michael Vick murdered dozens of dogs in brutal ways. Ways such as bashing their heads open, electrocution, hanging them, etc. This scumbag laughed about it like it was no big deal. He then goes to jail and Nike voids their contract with him. He THEN changed his ways only to get his f'n money back.

Absolutely despicable how anyone can justify calling Vick "good". He got his 2nd chance, and he's changed, but he is and always will be a piece of chit.

Poverty repped for truth.


Seriously, the guy had a pile of dead dogs that lost from his fukin dog fighting and miscers are gonna say he's a good guy? And some guy called him an American hero up above. Lol just lol

[sword_]

He changed his ways and made the best of his second chance. That's what life is about.

Honestly I love dogs, but since society places dogs in such high regard he was demonized a bit more than he actually should have been IMO. He's not the first football player to do this.

[jstoney363]

Mopping floors really? Why didn't he make license plates?

[ElMentor23]

I can't run a sub 4.4 40 and throw a football 60 yards. I hear they pay a lot if you can do that well. The job market also rewards basic spelling, you know, words like convict*, regardless of sodium levels.

salt is helluva drug

[bitchesbrew]

Poverty repped for truth.


Seriously, the guy had a pile of dead dogs that lost from his fukin dog fighting and miscers are gonna say he's a good guy? And some guy called him an American hero up above. Lol just lol

they're just dogs m8. not like he hurt actual human beings. compared to wallstreet bankers or politicians who **** over hundreds of people

[Twerk4it]

paying back debt makes you a hero. Hey guys im paying back my student loans, we hero now.

Do you have 18 million in student loans?

[Jessome]

they're just dogs m8. not like he hurt actual human beings. compared to wallstreet bankers or politicians who **** over hundreds of people

Hard to fathom the stupidity in that post