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Posted on 10/3/12 at 3:17 pm to southernelite
he filed for bankruptcy in 2008, he made a settlement with creditors where he has to pay them off through 2014
quote:
So despite the fact that Vick has blown through $30 million over the last four years, only about $1 million of that has been spent on personal expenses. And personal expenses doesn’t mean a Lamborghini. His $300,000 living expenses covered things like rent, food, and education for his kids.
According to Yahoo, the “reorganization plan” strictly dictated where Vick could spend his money. For instance, the star has been allowed to spend $4,250 per month on rent and utilities and $472 per month on a car.
This post was edited on 10/3/12 at 3:20 pm
Posted on 10/3/12 at 3:58 pm to southernelite
quote:
Why did he owe 9.7 to creditors? You don't just "spend" $30mm
Because he made a lot of stupid mistakes when younger and now he's literally paying for it.
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