Thursday, August 27, 2009

Vick bankruptcy plan approved

According to the the Associated Press, nearly all of Michael Vick's creditors have endorsed his proposed bankruptcy plan.

One set of creditors, who hold $132,743 in debts, balked and the plan still must be approved by the court.

"I think the court is going to independently consider, as it must in every case whether you're a pipefitter or an NFL player or a G.M., whether the plan is feasible," Ross Reeves, attorney for a committee representing Vick's unsecured creditors, told the AP.

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