Judge to consider Vick’s revised bankruptcy plan, which offers creditors bigger cut

Hearing set on Vick’s revised bankruptcy plan

NEWPORT NEWS, Va. — Michael Vick is again seeking approval of his Chapter 11 bankruptcy plan to repay creditors.

U.S. Bankruptcy Judge Frank Santoro is scheduled to conduct a hearing Friday on Vick’s revised plan to pay his creditors. 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 his 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.

The 29-year-old Vick completed serving his 23-month sentence for running a dogfighting ring on July 20.