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Michael Vick

Bankruptcy Destroyer

3/13/2012 12:20 AM PDT BY TMZ STAFF

0312_mike_vick_EX
Michael Vick is conquering his economic demons with a VENGEANCE -- tackling creditors in his bankruptcy case left and right ... and TMZ has learned, he's just a paycheck away from total financial freedom.

You'll recall ... Vick filed for Chapter 11 bankruptcy in July 2008 after the infamous dog-fighting scandal -- when he lost his NFL salary and several lucrative endorsement deals. According to court docs, Vick owed approximately $20 MILLION to dozens of creditors.

But Vick's been busting his ass to pay off his debts ever since he was reinstated with the Eagles in 2009 -- in fact, according to a new filing in his bankruptcy case, he's already reduced his outstanding debt to less than $400,000.

According to the docs, the outstanding debt is owed to Bank of America (related to one of his properties), BMW financial services, and his friendly neighborhood tax collector.

Sounds like a lot of money -- but to put it in perspective ... Vick earned over $11 MILLION between July and September 2011.

For more sports stories, check out tmzsports.com!
57 COMMENTS

No Avatar
31.

justwow    

Still a psychopathic pile of garbage.

901 days ago
32.

J_Walker    

Vick (aka Ron Mexico) has been a mess on and off the field. Eagle's Owner, Jeff Lurie, dragged Philly through the mud when he hired someone so sadistic and selfish.

901 days ago
33.

lynda    

im not in debt, and i volunteer nearly every single waking moment to animals. yes, i do. i foster in my home, several animals at a time, some with serious medical needs. they are in my care 24/7, so anyone with comments that im jealous that i cant get out of debt, or that i havent done anything for animals can stuff it.
this piece of human garbage not only made money off of the brutal torture of living things, he spent exactly ZERO time in jail for it. his sentance was not for animal abuse. not one second of it. who cares if he wasnt able to pay his bills because he got caught commiting a horrific crime. boo hoo, shouldnt have been a loser s*** bag.

901 days ago
34.

tjf209    

How do you pay off $20 million of debt with $11 million?

900 days ago
35.

ktcmojo    

how much better can this man get????

900 days ago
36.

tee    

It is really sad these people are still in an uproar over dogs ... goes to show they value dogs over human life. not one has said anything about senseless killings man on man crimes. People get your priorities correct. The humane society kills pit bulls on a daily rate.. nothing new

888 days ago
37.

Boss P    

If Jesus could forgive the very people that tortured him, what makes you people more righteous. Give it a rest! What if you were judged by the worst thing you ever did? FORGIVENESS people!

We talk about fighting dogs, what the difference between UFC and dog fighting? We (Americans) have an obsession with violence. But for some reason you like to think you can regulate what those lines are. The promoters and managers are just as guilty as MV for profiting off these young kids killing each other for profit. We are the comments about that?

851 days ago
38.

Boss P    

If Jesus could forgive the very people that tortured him, what makes you people more righteous. Give it a rest! What if you were judged by the worst thing you ever did? FORGIVENESS people!

We talk about fighting dogs, what the difference between UFC and dog fighting? We (Americans) have an obsession with violence. But for some reason you like to think you can regulate what those lines are. The promoters and managers are just as guilty as MV for profiting off these young kids killing each other for profit. We are the comments about that?

851 days ago
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