Collectors Trying To Pressure Michael Vick Into Chapter Over Unpaid Debt

A trio of debt collectors is making an attempt to drive Michael Vick into chapter 11 in an effort to acquire an enormous sum of money they are saying the ex-NFL star owes them — however an lawyer for Vick is slamming the transfer, calling it “frivolous.”

Courtroom paperwork, obtained by TMZ Sports activities, present the three collectors — Gerald Lee Craig, Eduardo De Arkos and Kathleen Safreed — filed involuntary Chapter 7 chapter petitions towards Vick and his spouse, Kijafa, on Monday in Florida.

The plaintiffs say they’ve a judgment of $509,652.42 towards the Vicks — stemming from a 2018 mortgage they are saying the couple by no means paid off.

The three at the moment are asking a federal choose to position Vick and his spouse into involuntary chapter … with the hopes that they may then get again a few of the cash they’re owed from the duo’s belongings.

Vick’s lawyer, Arthur J. Jones, blasted the submitting in an announcement to us on Wednesday … saying, “This frivolous try at forcing Michael Vick into involuntary chapter is a continuation of the shenanigans which started with the secondary securities market purporting to promote a usurious debt with out Mr. Vick’s data.”

“It’s particularly spurious for the petitioners to take this motion after Mr. Vick has tried to work with them to fulfill the debt in an acceptable quantity. We totally count on that they are going to be sanctioned by the federal courtroom in the event that they proceed down this street.”

Jones added, “Legalities apart, it is usually silly to hunt media consideration aimed toward wrongfully harming Mr. Vick’s identify and popularity when the concept needs to be to resolve issues as a substitute of create new ones or waste time. This legislation workplace will take all actions permissible underneath the legislation to handle any and all hurt brought on by the petitioners with this chapter submitting.”

Vick has famously battled monetary woes via the years … together with in 2008, when he filed for Chapter 11 chapter. In 2022, a gaggle of collectors additionally sued the 44-year-old, alleging he owed them $1.2 million from loans he by no means repaid.

Vick — who introduced Tuesday evening he was accepting the head football coaching job at Norfolk State — reportedly revamped $115 million in NFL contracts throughout his 13-year profession.