Michael Vick Pays Final $1.5M to Clear $17.6M Debt from 2008 Bankruptcy

Retired quarterback Michael Vick reportedly cleared his debt stemming from a 2008 Chapter 11 bankruptcy filing on Thursday when he sent a final $1.5 million payment to creditors. 

According to ESPN.com's Darren Rovell, Vick officially paid back $17.4 million of the $17.6 million he owed. 

Vick, who spent 548 days in jail for his involvement with an illegal dog-fighting ring, initially filed for bankruptcy in July 2008. 

At the time, Reuters reported the 2001 No. 1 overall pick decided to file because he "failed to resolve a legal dispute with one large creditor, Joel Enterprises Inc." that was owed $4.5 million. The Atlanta Falcons were also reportedly owed $6.5 million as part of a salary settlement, according to Rovell. 

The 37-year-old was able to repay the debts after his playing career was revived in 2009 with the Philadelphia Eagles. 

Vick, who was initially signed as a backup, emerged as the team's new starter in 2010 and was rewarded with a six-year, $130 million deal that included approximately $40 million guaranteed. 

According to Spotrac, Vick took home roughly $59 million in total cash earnings between 2009-2015.