It seems Michael Vick will have some explaining to do in bankruptcy court, according to a report on ESPN.com. The Eagles quarterback is facing charges that he made unauthorized and illegal gifts to friends and family in the months before he declared bankruptcy. In the new proceeding filed against Vick in Newport News, Va., his bankruptcy trustee asserts that instead of paying what he owed to numerous creditors as he faced the dogfighting charges and likely bankruptcy, Vick made payments to his mother, the mothers of his three children, his sister and his brother, Marcus. It is a violation of bankruptcy laws to give away assets to friends and family on the eve of a bankruptcy. If, as the trustee says, Vick gave away funds that could have gone to official creditors, then the trustee can seek to void the payments and recapture the money for the creditors. Source: Philadelphia Daily News
