Posted by Dave as Atlanta Falcons, NFL at 8:17 PM CST on January 6th, 2009
Michael Vick’s financial disaster has been well documented, so when I see things posted about his attempts to save his wallet, it’s really no surprise (I do, however, sit back and marvel at the fact that he’s bankrupt so fast after all the money he made). Now Mike is attempting to save his finances, and he’s auctioning off his house to do it.
The imprisoned former NFL star disclosed the auction plans late Monday in a new financial disclosure statement filed in his bankruptcy case in Newport News. His lawyers are preparing a motion seeking U.S. Bankruptcy Judge Frank Santoro’s permission to sell the house in Duluth, Ga., to the highest bidder on or around Feb. 16.
The suspended Atlanta Falcons quarterback filed for Chapter 11 bankruptcy protection last July, claiming assets of $16 million and liabilities of $20.4 million. Santoro last month rejected Vick’s disclosure statement, which major creditors had criticized as insufficiently detailed, and ordered the new one.
If the judge allows it, the house will be sold to the highest bidder. It’s an eight bedroom estate, fully decorated, and comes with its own pet cemetery in the backyard.