Michael Vick Files for Bankruptcy??!!

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I’m a Vick fan and yes still a Falcons fan, so it deeply saddens me to bring you this news. It’s rare that I’m speechless, but I guess this is what happens when the checks stop rolling in.

I’m going to bring you the story and let the music play in the background:
When an American arm of Royal Bank of Canada set up a $2.5-million (U.S.) line of credit in January, 2007, for Michael Vick, it seemed like a safe bet.

At the time, Mr. Vick was a star quarterback with the National Football League’s Atlanta Falcons and he was in the third year of a 10-year, $130-million contract.

Seven months later, though, Mr. Vick was indicted on criminal charges relating to a gambling venture that involved dog fighting. He pleaded guilty and received a 23-month jail sentence, ending his lucrative contract and, potentially, his football career.

By that time, Mr. Vick had borrowed around $2.3-million from the line of credit.
Full Story

In more positive news… Michael Vick’s dogs are getting a second chance.


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