Vick bankruptcy plan has NFL in mind
NEWPORT NEWS, Va. -- Michael Vick and his team of bankruptcy lawyers were in court in Newport News, Va., on Thursday, asking a judge to approve a complex plan for Vick's financial future. Relying on the legal procedures of Chapter 11 of the U.S. Bankruptcy Act rather than Chapter 7, they offered testimony from an accountant and from Vick's agent. Their plan and their witnesses raise legal questions. Here are some of the questions and their answers:
Why doesn't Vick simply declare a Chapter ...
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