Vick files for bankruptcy

Suspended Atlanta Falcons quarterback Michael Vick filed for bankruptcy protection Tuesday. The imprisoned Vick, who is currently serving a 23-month prison sentence in Leavenworth, Kan. on federal dogfighting charges, filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday claiming to owe between $10 and $50 million to various creditors. The debt includes a $3.75 million pro-rated signing bonus that the Falcons are attempting to recover. After pleading guilty last year to financially supporting a Virginia-based dogfighting ring, the disgraced Vick was subsequently suspended indefinitely by the NFL without pay and lost all his major corporate... [read full story]