Former NFL star Michael Vick would give up more earnings in new bankruptcy plan

By: ASSOCIATED PRESS | Alabama's13.com
Published: June 30, 2009

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NORFOLK, Va. (AP) - Suspended NFL Star Michael Vick would give
up more of his future income under a revised bankruptcy plan.
Vick's lawyer, Paul Campsen, disclosed the basic outline of the
new plan Tuesday in U.S. Bankrupcy Court in Norfolk.
The full plan is still being finished. It's due to be filed by
Thursday.
A judge in April rejected the first plan, saying it was not
feasible.
Under the new plan, Campsen said 10 percent of the first
$750,000 Vick earns would go to creditors. Under the old plan, Vick
would have kept the entire amount up to $750,000.
The new plan also increases the amount it would pay creditors on
income over $750,000.
Vick is currently in home confinement in Virginia for last two
months of a nearly two-year sentence for operating a dogfighting
ring.