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Archive for February, 2008

Michael Vick’s Walk towards Bankruptcy?

Is this the first card in the deck that will tumble Michael Vick into bankruptcy?  He definitely appears to be positioned to sit on his assets and not pay anyone a dime.

ATLANTA (AP) — A default judgment for $1.08 million has been entered against suspended Atlanta Falcons quarterback Michael Vick and a business partner in a lawsuit over a loan for an Atlanta-area wine shop and restaurant.

Wachovia Bank brought the federal lawsuit several months ago against Vick and his partner, Gerald Frank Jenkins. The judgment was entered Jan. 17.

inRich.com

Wachovia may have won the judgement, but getting payment could be a long way off.

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