Judge: Creditors can vote on new Vick bankruptcy plan, which offers them a bigger cut

Creditors to vote on Vick bankruptcy plan

NEWPORT NEWS, Va. — A Virginia judge says Michael Vick’s revised bankruptcy plan can be sent to creditors for a vote.

U.S. Bankruptcy Judge Frank Santoro made the decision Friday after nobody raised any objections during a hearing in Newport News. Santoro rejected Vick’s previous plan in April, saying it was not feasible.

This time, Vick has proposed selling off more assets and giving creditors a bigger cut of future earnings. The source of those earnings remains unclear less than a week after NFL commissioner Roger Goodell conditionally reinstated Vick. The former Atlanta Falcons quarterback is still looking for a job after several NFL teams said they’re not interested. Vick declined to answer reporters’ questions at the federal courthouse Friday.

On July 20, the 29-year-old finished serving 23 months for running a dogfighting ring.