Michael Vick reimburses creditors in rare debt payback
Former NFL quarterback Michael Vick made the final $1.5 million payment to creditors on Thursday, meaning he paid back $17.4 million of the $17.6 million that he owed when he filed for bankruptcy in July 2008. The payment and final payouts were confirmed by Joseph Luzinski, a senior vice president at Development Specialists Inc., a management consultancy firm and the liquidating trustee in Vick's bankruptcy. "Paying 99 cents on the dollar, which he did, is remarkable," Luzinski said.
