Thaindian News

By Meena Kar
Dec 4, (THAINDIAN NEWS) It has been long since Michael Vick was pronounced as bankrupted under Chapter 11. However, despite the financial problems that has to encounter along with his girlfriend Kijafa Frink, his determination seems undaunted as he made a deadly comeback to blow off Houston Texans with a score of 34-24. Although his performance increased his worth as a team member of the Philadelphia Eagles, his struggle with his personal life and economic problem does not seem to get resolved soon.

Reportedly, the player has to use all his salary to pay back his loans. This amounted to more than $4.1 million. Ever since he signed with the Philadelphia Eagles, he has been living with a very strict budget, under the instructions of the court-appointed trustees. Amongst the creditors, to whom he owes the big amounts are his former business colleagues and former endorsement partners. Recently, ESPN legal analyst Lester Munson, uncovered the quarter back’s “reorganization plan” which was given to him by the court in a 112-page document. According to Lester Munson, the “reorganization plan” of Michael Vick and his girlfriend Kijafa Frink would involve paying two third of every dollar earned by the player to the creditors.

In a way, Michael Vick’s consecutive performance against Giants, Bears and Texans, increased his stake as a player. However, it is reported that if Michael Vick continues to receive a multi-million dollar salary, then by all means he has to pay $12 million through 2015, to all his creditors. It seems that with the increment in his salary, it would not be much difficult for Michael Vick to meet all his dues as now he earns $5.25 million a year.