It's been a long while since we've had fun at the expense of Michael Vick.  Too long a while, to be exact.  While scrubbing dishes and playing football in prison, Vick has also find time to officially file for Chapter 11 Bankruptcy:

Vick cited debts of $10 million to $50 million in Chapter 11 papers filed yesterday in U.S. Bankruptcy Court in Newport News, Virginia. He listed assets valued at between $10 million and $50 million.  The seven largest creditors listed in the court papers are owed a total of about $12.8 million.

This really shouldn't be surprising, given that Vick abandoned a contract that would have totaled $100 million in favor of running a dogfighting ring.  Some of the debt he's trying to smooth over is from part of the signing bonus money the Falcons attempted to recover, though it looks like they'll only receive $3.75 million of the $20 million that was to go to Vick. 

Vick also owes $4.5 million to Joel Enterprises and $550,000 to Radtke Sports for breach of contract as a result of his public record (the contracts weren't built on his NFL record, otherwise he would have been in debt years ago due to lawsuits claiming breach of contract... hoozah!). 

To add to the fun, the Royal Bank of Canada is suing Vick for $2.5 million after #7 defaulted on a loan, and Wachovia Bank is seeking $1.08 million from Vick and Vick's "business partner".  I'm guessing Vick's business partner is code for "guy who tossed the dogs in the truck so they could be taken to the Vick fighting pit, at which point they would maul each other senselessly for the morbid entertainment of a bunch of imbeciles".  The loan was for an Atlanta wine shop and restaurant, if you're keeping score at home.

At this point, securing a loan with Michael Vick is similar to wearing a Vick jersey to a St. Louis Blues hockey game: it's just flat out stupid.  One thing is for sure: the Vick supporter at the Blues game and these guys below are quite saddened by the sudden financial halt of the Michael Vick Experience. 





I still haven't been convinced that the former picture isn't John Salley.