NEWPORT NEWS, Va. (AP) - Lawyers for Michael Vick asked a federal bankruptcy judge on Friday to appoint a mediator to help settle his debts to creditors, saying a third party might expedite a resolution in the case.
Vick, once the highest-paid player in the National Football League, listened in silently by telephone from the federal prison at Leavenworth, Kan., where he is serving a 23-month sentence for a dogfighting conviction last summer that magnified his financial troubles.
The mediation proposal came near the end of a 90-minute pretrial conference to discuss Assistant U.S. Trustee Kenneth N. Whitehurst III's motion asking for a trustee to take control of Vick's assets as the bankruptcy case proceeds.
the NFL when he is released from prison next summer.
The assets that could be liquidated include four houses, other real estate holdings and cash, as well as future earnings if he is able to resume his football career.
Whitehurst argued that basing a settlement plan on potential future earnings was flawed.
``There are 110 unknowns on that front,'' he said, noting that even if Vick does resume his career, the tolls of age and being off the field for several years could be significant.
Vick attorney Paul Campsen said he had provided representatives of Vick's creditors with a proposed resolution, and the creditors countered with a proposal that was structurally similar, giving him hope for an agreement. The amount of the proposed resolution was not disclosed Friday.
Judge Frank Santoro told John McIntyre, representing the committee that includes numerous creditors, to see if mediation would be acceptable to them and then report back to the court.
With a go-ahead, Campsen said, he would file a motion seeking mediation by Monday.
``It ought to be a team effort where we're going forward with the same goal,'' Campsen said, echoing the judge's assertion that everyone in the courtroom was there for the same reason: to allow Vick to pay his debts, reorganize his finances and move forward.
hile Vick's side contended that it has taken months using forensic accountants to identify his assets, liabilities and the money he gave to others.
That amounts to $18 million in just the past two years, his lawyers said, and includes money they contend was taken from Vick without his consent by unscrupulous advisers.
``It's a long process,'' said Peter Ginsberg, another of Vick's lawyers. ``There were a lot of people with his or her hands in the till.''
``We have identified substantially all of the transfers that have occurred over the last two years,'' said Michael Blumenthal, one of three lawyers for Vick at the hearing.
Blumenthal disputed Whitehurst's assertion that the case is straightforward, saying it is ``unusual in light of the fact that we don't have a client in our office on a daily basis.''
Santoro rebuked Vick's lawyers for not yet figuring out Vick's finances and said it is unreasonable to expect that it will take much longer.
``If you do not fix that problem, I will,'' he said.
The judge order Vick's lawyers to finish their work by Oct. 24 and the next hearing will be held Nov. 13 in Norfolk.

Recent NFL Discussions

2016 College Conference Previews on Tue, Jun 2016 by Blade
2016 QB Rankings on Wed, Jun 2016 by Blade
2016 Coaching Changes on Wed, Jun 2016 by Blade

NFL Top Stories

Thumbnail Luck gets extension with Colts The Indianapolis Coltshave locked up their franchise quarterback for another five years, as the team agreed to a new deal with Andrew...
Thumbnail Talib shot in the leg Aqib Talibwas shot in the leg on Saturday, but seems to have avoided serious injury and will be able to return to the Denver Broncos...
Thumbnail Romo eyes lengthy return Injuries have been an issue at times for Dallas Cowboys quarterback Tony Romo, but the veteran NFL star is far from thinking about...
Thumbnail Lockette retiring from Seahawks The Seattle Seahawks are losing another skill-position player from last year’s team as receiver Ricardo Lockette is expected to announce his retirement...
Thumbnail Dolphins securing the D-Line The Miami Dolphins are trying to make a push for the playoffs and they aided that on Saturday by signing Cameron Wake to a two-year...
More inNFL Articles  

NFL Team Pages