Lawyers for former NFL star Michael Vick and his creditors have another date in federal bankruptcy court in Virginia.Vick's disclosure statement is the subject of Tuesday's hearing in Norfolk. A committee of the suspended Atlanta Falcons quarterback's major creditors has objected to the statement.
The document says Vick plans to resume his NFL career after he is released from federal prison, where he is serving 23 months for bankrolling a dogfighting ring. But the creditors say Vick provides no assurance that his goal is realistic.
They also say the statement fails to account for millions in spending and transfers over. Many wonder where Vicks money went, but there are further details below.
Charles Reamon, a former personal friend and assistant is now listed as one of several potential defendants in lawsuits Vick is considering filing, alleging mismanagement of his money.
Among the others are former financial advisers Mary Wong and David Talbot. Wong was recommended to Vick by former teammate Demorrio Williams. Vick's lawyers said they now believe Wong owes him at least $625,000.
Vick later hired Talbot but fired him after he was charged with securities fraud in New Jersey. Talbot has returned an $80,000 Mercedes that Vick gave him as payment but still could face suit for "breach of fiduciary duty and conversion," according to Vick's financial disclosure statement.
"Mary Wong categorically denies that she has ever wrongfully taken one penny from Michael Vick," said Wong's attorney, James Mitchell of Omaha. Any suggestion to the contrary is "unbelievably outrageous," he said.
Mitchell said Wong did not charge for her services. Wong already has accounted for some of the funds entrusted to her by Vick while holding power of attorney and is in the process of accounting for the rest, Mitchell said.
Among the others are former financial advisers Mary Wong and David Talbot. Wong was recommended to Vick by former teammate Demorrio Williams. Vick's lawyers said they now believe Wong owes him at least $625,000.
Vick later hired Talbot but fired him after he was charged with securities fraud in New Jersey. Talbot has returned an $80,000 Mercedes that Vick gave him as payment but still could face suit for "breach of fiduciary duty and conversion," according to Vick's financial disclosure statement.
"Mary Wong categorically denies that she has ever wrongfully taken one penny from Michael Vick," said Wong's attorney, James Mitchell of Omaha. Any suggestion to the contrary is "unbelievably outrageous," he said.
Mitchell said Wong did not charge for her services. Wong already has accounted for some of the funds entrusted to her by Vick while holding power of attorney and is in the process of accounting for the rest, Mitchell said.
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