Judge approves Michael Vick’s $20M bankruptcy plan

GYI0000626173.jpgA judge on Thursday approved Michael Vick’s plan to repay creditors who are owed $20 million and emerge from bankruptcy on the same day he was scheduled to return to the playing field with the Philadelphia Eagles.

U.S. Bankruptcy Judge Frank Santoro said while Vick is “at the pinnacle of his profession,” he has proven unable to manage his finances in the past and ordered him to retain a financial planner as a condition of the plan. The plan was overwhelmingly approved in a ballot of creditors.