I know Vick has been voted the most disliked player in the NFL but in coming across a couple of articles detailing the extent of his Chapter 11 bankruptcy filing, a little different picture occurs.
Yes, he did some really stupid things with his money and assets, some of which were illegal, but he chose to file Chapter 11 and pay off his debts rather than Chapter 7 and stiff all his creditors. He is now on a court controlled budget through 2015 that pays a varying percentage of his income to creditors and the IRS (over $4MILLION) based on his income level. With his $100MILLION contract, that percentage is up to 40% although less than half of his contract is guaranteed. In the end, he has committed to pay $12MILLION in past due debts by 2015.
For a guy who once had so many cars he couldn't keep track of them, his court ordered auto allowance is $472/month. Instead of a multi-million $$$ home he now has a monthly allowance of $3,000/month. No extravagances in his life other than the court has allowed him to spend $1,300/month for a private school for his two children that he has with his present live-in GF.
I'm not trying to defend him or gloss over his past, I just found it interesting that the guy is attempting to do the right thing in his current situation rather than take advantage of bankruptcy laws to skate on his past failings.