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Judge: Vick's estate in disarray

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Michael Vick's finances are in such disarray that a bankruptcy judge has been asked to appoint a trustee to oversee the fallen quarterback's dwindling estate. W. Clarkson McDow Jr., the U.S. trustee for region four (which includes Newport News, Va.), noted in court documents filed in Virginia that by Vick's own admission, he "has limited ability to arrange his finances and limited ability to participate in the bankruptcy case on an in-person basis." Vick, the suspended and imprisoned Falcons quarterback, originally sought to have David Talbot serve as his trustee in the case. He was called a "trusted adviser" in the original Chapter 11 filing on July 7. However Talbot was charged with securities fraud by the state of New Jersey last Friday. He is accused of swindling $500,000 from church members. Vick has since sought to have him dismissed as an adviser. Vick is serving a 23-month sentence on felony charges related in dogfighting at Leavenworth Federal Penitentiary in Kansas. Vick's attorney, Peter R. Ginsberg, said that the trustee's motion was premature.

Atlanta Journal Constitution

Michael Vick, Getty Images Michael Vick, Getty Images
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August 15, 2008  06:52 AM ET

Does anyone really care about this story any more?

August 15, 2008  07:20 AM ET

So are the lives of the dogs.......

August 15, 2008  07:42 AM ET

Way to go Mike. You promised to stop hanging around bad people but you appoint David Talbot as trustee for your estate. And now he is accused of embezzling? Mike, your really know how to chose your friends and acquaintances. You made the same type of decisions off the field as you did when you were on the field....bad ones!!!!!

August 15, 2008  07:52 AM ET

Let's hope jail time gets his head straihgt usually a crash from everything to nothing almost always gets an athletes attention.

August 15, 2008  07:53 AM ET

millions were handed to you, signing bonus and all that. and you are filing BK so you don't have to pay it back? Where has all this money gone- maybe he wants to disappear for a longer that

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August 15, 2008  08:00 AM ET

this is what they call a fall from grace.vick should read the story of job from the bible and use it as an inspiration to pick himeself up

August 15, 2008  08:01 AM ET

I hope Michael Vick is running with a better crowd now that he's in prison. He sure couldn't pick 'em when he was a free man.

August 15, 2008  08:08 AM ET

Lady's Coach Belicat ..It would appear that he is running with the same crowd as before. Only difference is they wear orange jump suits.

August 15, 2008  08:10 AM ET

Wow....there is so much slime in this country. And Vick is on the governing board of scum.

August 15, 2008  08:25 AM ET

No s-MC Hammer is going to lose everything. The Vick saga has turned into the reality version of the movie "Trading Places" with Eddie Murphy and Dan Akroyd.

August 15, 2008  08:33 AM ET

In the news again... what he made a bad choice? How shocking...

At least this thread makes my doggie blog relevant...

August 15, 2008  08:33 AM ET

Lady's Coach Belicat ..It would appear that he is running with the same crowd as before. Only difference is they wear orange jump suits.

50yearfan | 08/15/08, 08:08 AM

Point taken. =]

August 15, 2008  08:37 AM ET

Cowboystar - Obviously you care, your posting about it.

You guys should learn what a Chapter 11 bankruptcy is. Just because you file bankruptcy doesn't mean you are broke. It is a way for rich people to protect themselves from any further loss of money.

August 15, 2008  08:46 AM ET

"A fool and his money are soon parted, if, in fact, they ever manage to get together in the first place." - Gordon Gecko (Michael Douglas ) "Wall Street"

Michael Vick, Mike Tyson, Denny McLain, Leonard Tose, Ed McMahon, MC Hammer - a short list of the many, many idiots who ran through the huge amounts of money that came their way.

August 15, 2008  08:47 AM ET

All this Vick hated is getting old. I guess you guys are going to have an aneurysm when Vick gets out and comes to play for a team like the Steelers or someone like that.

Vick would make a team like the Steeler unstoppable, and all the haters heads would explode every time Vick was responsible for another TD.

You guys might as well get over it, because he will be playing in the NFL again, and he will probably land on a team that has sense enough to know talent when they see it.

August 15, 2008  08:47 AM ET

You guys should learn what a Chapter 11 bankruptcy is. Just because you file bankruptcy doesn't mean you are broke. It is a way for rich people to protect themselves from any further loss of money.

GhosTown | 08/15/08, 08:37 AM
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He ain't rich people... he is stupid people. He was borderline solvent when he was playing... he's got Jack now...

His "trusted adviser" and his other corrupt cronies will see to that. When he gets out he won't have a nickel to his name. and no future either... couldn't happen to a more deserving slime ball

August 15, 2008  08:48 AM ET

Michael Vick, Mike Tyson, Denny McLain, Leonard Tose, Ed McMahon, MC Hammer - a short list of the many, many idiots who ran through the huge amounts of money that came their way.

Dapper Dave | 08/15/08, 08:46 AM
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Add millions of idiots that took mortgages with no chance of actually being able to pay them.

News today.....Trump is going to bail out McMahon.

 
August 15, 2008  08:49 AM ET

You guys might as well get over it, because he will be playing in the NFL again, and he will probably land on a team that has sense enough to know talent when they see it.

GhosTown | 08/15/08, 08:47 AM
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Just hope they don't have an animal for a mascot. Vick will beat it to death and have it on the grill at halftime.

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