via Yo! Raps
The bad news (and bills) just keeps piling up for the NFL‘s former $100 million man.
According to documents filed in U.S. Bankruptcy Court on Tuesday, imprisoned ex-professional quarterback Michael Vick lists average monthly expenses of $12,225 and a monthly income of just $277.69. Vick, who is currently serving a 23-month federal prison sentence for felony charges related to dogfighting, filed Chapter 11 bankruptcy last month.
In his filing, Vick lists total assets of just over $10 million, which includes four houses, several life insurance policies, two boats, and a 2006 Bentley. The embattled sports star also lists nearly $19 million in liabilities, which includes claims against him by creditors.
It seems several of Vick’s advisors have taken advantage of him to the tune of nearly $2 million. The former star athlete’s finances were reportedly in such disarray that a judge was asked to appoint a trustee to oversee his estate. A hearing is scheduled to consider the request.
On December 23, 2004, Vick, who currently makes 12 cents an hour working in prison, signed a 10-year contract with the Atlanta Falcons worth $130 million with a $37 million signing bonus, making him the highest paid player in NFL history at the time, and one of the highest paid ever in sports.
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