Vick has some serious financial challenge

"Football fans are not the only ones waiting to see Michael Vick get on the field today for the Eagles.The bankrupt backup quarterback, once the highest-paid player in the NFL, is expected to be in uniform for a regular-season game for the first time since 2006. Vick now owes a lot of people a lot of money after his 18-month prison stint.His creditors will be watching to see if Vick is anywhere near the pre-prison form he showed when he was named to the Pro Bowl three times."I'm an Eagles fan, now," said Ross Reeves, a Virginia attorney who represents unsecured creditors in Vick's bankruptcy filing.In 2004, Vick signed a contract with the Atlanta Falcons that could have paid him $130 million if he and the team stayed together through the length of that deal. Endorsements brought more cash.But that contract and much of Vick's wealth went away when he went to Leavenworth after he pleaded guilty tofederal dogfighting charges.As part of his Chapter 11 bankruptcy plan approved last month, Vick has liabilities of $20.4 million and has begun liquidating assets worth $9 million. Glance through some of the hundreds of court documents involving Vick and you'll find a picture of a wealthy man who was "not a sophisticated investor," as Vick said of himself in one civil court filing. He made bad choices on spending and whom he would trust with his finances."

How the hell do you rack up 20+ mil of liabilities :S You'd have to buy like 20 houses all at once...

He has to pay back some back taxes because, not only did he have illegal dog fights, he did not pay taxes on the money he won. You do not fuck with the IRS because they will find you and they will get their money